# Wiltshire County Council Trust Fund

Wiltshire County Council Trust Fund is a Government / Public Body based in Trowbridge, United Kingdom.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Trowbridge, United Kingdom
- **Region:** Europe
- **Address:** Trowbridge, United Kingdom
- **Assets under management:** Undisclosed
- **Website:** www.wiltshire.gov.uk
- **LinkedIn:** linkedin.com/company/wiltshire-council

## Regulatory record

- **Reports private funds:** No

## About

Wiltshire County Council Trust Fund is a government agency based in Trowbridge, UK. It manages approximately $1.9 billion in assets, primarily focused on European investments.

## Sectors

- Real Estate
- Infrastructure
- Energy Transition & Renewables
- Private Equity

## People

- Jennifer Devine — Head of Wiltshire Pension Fund

## Questions

### Who runs investment decisions at the Wiltshire Pension Fund?

Day-to-day management is led by Jennifer Devine as Head of Wiltshire Pension Fund, with strategic asset allocation and most investment mandates executed through the Brunel Pension Partnership, the FCA-regulated pooling company established in 2018. Wiltshire Council serves as the Administering Authority, with oversight from a local pension board. Certain direct holdings, such as the Affordable Housing Portfolio, remain under local governance.

### What is the Brunel Pension Partnership, and how does it relate to this fund?

Brunel Pension Partnership is one of eight LGPS asset pools created under a 2015 UK government directive to consolidate local-government pension assets for cost efficiency and improved governance. Ten funds, including the Wiltshire Pension Fund, pooled their investment management into Brunel, which handles manager selection, portfolio construction, and stewardship across public and private markets. Each partner fund retains its separate identity, liability structure, and local pension board.

### Does the Wiltshire Pension Fund hold any direct assets outside the pooling structure?

Yes. The fund maintains a direct Affordable Housing Portfolio centered on Chippenham, and it holds an interest in the Toucan Energy Solar Portfolio, a diversified UK ground-mounted solar PV portfolio. These direct holdings operate alongside the pooled allocations managed by Brunel and reflect a deliberate place-based investment strategy.

### How does the fund approach climate and ESG investing?

The fund is a member of the Local Authority Pension Fund Forum, which coordinates collaborative engagement on ESG issues across LGPS funds. It maintains signatory status to the UK Stewardship Code. Through Brunel, it accesses the Climate Opportunities (Clops) Portfolio and participates in pooled renewable-infrastructure investments, including recent co-investments in UK solar and other energy-transition assets.

### What investment stages or structures does the Wiltshire Pension Fund use for private markets?

The fund accesses private equity, infrastructure, and private debt through Brunel's pooled mandates, which include fund commitments, direct co-investments, and separately managed accounts. The Climate Opportunities Portfolio represents a dedicated thematic allocation that spans multiple private-market structures.

### How is the fund governed, and what is the role of Wiltshire Council?

Wiltshire Council is the statutory Administering Authority, meaning it holds ultimate fiduciary responsibility for the fund. A local pension board, established under LGPS regulations, provides governance oversight on behalf of scheme members and employers. Investment decisions are delegated to the Brunel Pension Partnership under the terms of the pooling agreement.

## Related profiles

- [Wiltshire County Council Pension Fund](https://altss.com/profile/wiltshire-county-council-pension-fund)
- [Wimer Investment Management](https://altss.com/profile/wimer-investment-management)

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

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