LC
LP profile
Lancashire County Council
Limited partner
Pension fund · Preston, United Kingdom
26
VC firms backed
$9.9B
AUM
~$99M
Allocated to VC (est. 1%)
01 · Background
Who Lancashire County Council is.
- Historical Background
- The Lancashire County Pension Fund is part of the Local Government Pension Scheme (LGPS), which is established by statute to provide retirement and death benefits for eligible employees. Lancashire County Council is the administering authority for the fund, which covers the geographical area of Lancashire.
- Source of Capital
- The capital for investment is sourced from the Lancashire County Pension Fund. The fund's assets are derived from contributions made by employees and employers participating in the Local Government Pension Scheme within Lancashire.
- Major Events
- The Lancashire County Pension Fund's investments are managed by Local Pensions Partnership Investments Ltd (LPPI), which provides pooled investment services. LPPI is one of eight national Local Government Pension Scheme (LGPS) pools and manages the investments for the pension funds of Lancashire County Council, the London Pensions Fund Authority, and the Royal County of Berkshire.
- Allocation Strategy
- The fund's investment strategy is focused on ensuring there are sufficient funds to meet its pension obligations to members over the long term. The fund has established a Lancashire Levelling Up Investment Fund to support local economic growth. The allocation strategy is detailed in the Investment Strategy Statement, which is updated periodically and approved by the Pension Fund Committee.
02 · Fund commitments
The funds Lancashire County Council backs.
Lancashire County Council is a limited partner in 26 funds. 3 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Kleiner Perkins
#18 Power Law
Insight Partners
#23 Power Law
True Ventures
#137 Power Law
3i Group
Abingworth
Advent International
Advent Life Sciences
Advent Venture Partners
August Equity
Baird Capital
Crescent Capital
Elderstreet Investment
Endeavour Vision
Enterprise Ventures
EQT Group
Foresight Group
HarbourVest Partners
Ventureast
03 · Allocation
How Lancashire County Council’s fund book is spread.
The 26 funds Lancashire County Council backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- Europe 2077%
- North America 519%
- Rest of world 14%
United Kingdom 16 · United States 5 · Switzerland 2 · France 1
How established those managers are
Managers grouped by how many funds they have raised — across the 19 of 26 with a fund history on record.
Emerging funds · 7
Established funds · 12
1
1
5
2
1
3
2
4
1
5-6
2
7-9
5
10-14
2
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other pension funds in the Power Law LP ranking, closest to Lancashire County Council by combined power-law score — Europe first, then the nearest worldwide.
🇺🇸
AT&T Umbrella Benefit Plan No. 1
12 VC funds backed
🇺🇸
Lowa Municipal Fire & Police Retirement System
$2.0B AUM
43 VC funds backed
🇬🇧
Lancashire County Pension Fund
$12B AUM
50 VC funds backed
🇬🇧
Greater Manchester Pension Fund
$35B AUM
60 VC funds backed
🇬🇧
West Yorkshire Pension Fund
$12B AUM
37 VC funds backed
🇫🇮
Varma
$60B AUM
64 VC funds backed
🇸🇪
AP4
$50B AUM
17 VC funds backed
🇳🇱
PGGM Investments
$280B AUM
40 VC funds backed