LP profile · Pension fund
Greater Manchester Pension Fund
Greater Manchester Pension Fund is a pension fund headquartered in United Kingdom (Europe). Ranked #240 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Greater Manchester Pension Fund (GMPF) was established in 1974 as part of the Local Government Pension Scheme (LGPS).
- It originated from the Manchester Corporation's pension fund, which was formed on April 1, 1921, with an initial valuation of £720,000.
Source of Capital
- GMPF's capital is sourced from the pension contributions of employees and employers from various institutions in Greater Manchester.
- The fund serves the ten local authorities in Greater Manchester, as well as other affiliated organizations such as schools, colleges, and charities.
Major Events
- No information available.
Allocation Strategy
- The fund has a notable allocation to impact investing, with a specific focus on local investments that aim to benefit Greater Manchester and the North West of England.
- GMPF has a 5% allocation target for place-based impact investing, which includes both direct and fund investments.
- The fund's strategy includes seeding funds and investing in local infrastructure and housing projects, aiming to generate both a commercial return and a positive local impact.
- The fund invests across various asset classes, including public equity, private equity, and real assets, with tactical asset allocation delegated to external managers for the main fund.
Sources
- https://www.gmpf.org.uk/
- https://en.wikipedia.org/wiki/Greater_Manchester_Pension_Fund
- https://aboutmanchester.co.uk/centenary-celebration-for-greater-manchester-pension-fund/
- https://www.top1000funds.com/asset_owner/greater-manchester-pension-fund/
- https://www.impactinvest.org.uk/case-study/build-greater-manchester-pension-fund/
- https://www.newprivatemarkets.com/a-look-inside-greater-manchester-pension-funds-impact-allocation/
- https://www.gmpf.org.uk/quick-links/about/documents/Investment-strategy-statement
- https://www.pensionsforpurpose.com/assets/PDFs/GMPF+Case+Study+SIGNED+OFF.pdf