# Viridian Group Pension Fund

Viridian Group Pension Fund is a Pension Fund based in Belfast, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Belfast, United Kingdom
- **Region:** Europe
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.energiagroup.com

## Regulatory record

- **Reports private funds:** No

## About

The Viridian Group Pension Fund originated as the Viridian Group Pension Scheme linked to an electricity provider. It later became the Northern Ireland Electricity Pension Scheme after the 2010 divestiture of group companies. The principal employer remains Northern Ireland Electricity Networks Limited, now under ESB ownership. The fund allocates across real estate via BentallGreenOak and Aegon BlackRock Property Fund vehicles. It maintains a liability-driven investment book sized at roughly 40 percent of one section and holds limited partner interests in Blackstone Private Assets, Partners Group pooled funds, M&G Illiquid Credit and Beach Point Capital Management. Geographic exposure centers on the United Kingdom with additional global private-asset reach. A public equity position in UniCredit S.p.A. appears in records from 2022. JP Morgan Chase Bank N.A. serves as global custodian. Aegon acts as scheme administrator and investment manager alongside Capital Pensions Management, Schroder, Ruffer, PIMCO, Columbia Threadneedle, Legal & General and Baillie Gifford. The fund belongs to The Pensions Regulator and the Pension Protection Fund. November 2023: Peter Ewing participated as panelist in the RP7 Price Control Consultation on pension funding regulations. The scheme's governance ties directly to its former sponsoring employer Energia Group and current sponsor NIE Networks, creating a closed multi-employer structure under UK regulatory oversight rather than an open commercial platform.

## Sectors

- Energy
- Real Estate
- Private Equity

## People

- Peter Ewing — Chairman of the Trustees

## Questions

### Who runs investment decisions at Viridian Group Pension Fund?

Peter Ewing serves as Chairman of the Trustees. Day-to-day administration and investment management are delegated to Aegon and a roster of external managers including Schroder, PIMCO and Baillie Gifford.

### Does the fund participate in fund commitments or only direct deals?

The fund acts as limited partner in pooled vehicles from Blackstone, Partners Group, M&G and Beach Point Capital Management. It also holds units in BentallGreenOak and Aegon real estate funds.

### What asset classes appear in the portfolio?

Holdings include commercial real estate, liability-driven investments sized near 40 percent of one section, private equity and illiquid credit. A listed equity stake in UniCredit S.p.A. is also recorded.

### How is the fund related to Energia Group and NIE Networks?

Energia Group, formerly Viridian Group, was the original sponsor. Northern Ireland Electricity Networks Limited remains the principal employer and sponsor of the Northern Ireland Electricity Pension Scheme.

### Which regulatory bodies oversee the scheme?

The fund is subject to The Pensions Regulator and participates in the Pension Protection Fund, the UK's pension safety net.

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- [Otto Bremer Trust](https://altss.com/profile/otto-bremer-trust-obt)
- [Guy's & St Thomas' Foundation](https://altss.com/profile/guy-s-st-thomas-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/viridian-group-pension-fund

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