LC
LP profile
Lancashire County Pension Fund
Pension fund · United Kingdom
83
VC firms backed
$12B
AUM
~$120M
Allocated to VC (est. 1%)
01 · Background
Who Lancashire County Pension Fund is.
- Historical Background
- The Lancashire County Pension Fund is a part of the Local Government Pension Scheme (LGPS), a public pension plan established by statute in the United Kingdom. Lancashire County Council serves as the administering authority for the fund, which covers the geographical area of Lancashire.
- Source of Capital
- The fund's capital is sourced from the pension contributions of all eligible employees of Lancashire County Council and other scheduled bodies within the county. It operates as a public pension fund, providing retirement and death benefits to its members.
- Major Events
- In 2016, the Lancashire County Pension Fund's assets were pooled with those of the London Pensions Fund Authority to create the Local Pensions Partnership (LPP). This move was part of a broader initiative by the UK government to consolidate the investment assets of the 89 separate LGPS funds into a smaller number of larger pools to improve efficiency and scale.
- Allocation Strategy
- The fund's assets are managed by the Local Pensions Partnership (LPP), which invests across a diversified range of asset classes. LPP's investment strategy includes allocations to global equities, fixed income, infrastructure, private equity, and real estate. The partnership aims to deliver a positive, long-term, risk-adjusted return on the assets of its client funds.
02 · Fund commitments
The funds Lancashire County Pension Fund backs.
Lancashire County Pension Fund is a limited partner in 83 funds. 4 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
Summit Partners
#168 Power Law
3i Group
Abingworth
Accent Equity Partners
Advent International
Advent Life Sciences
Advent Venture Partners
Affirma Capital
AIG Highstar Capital
ALPHA Group
Apax Partners
ArcLight Capital
August Equity
Berggruen Holdings
BNP Paribas Asset Management
Bridgepoint
Bridges Fund Management
BV Investment Partners
Christofferson Robb
Colbeck Capital Management
Crossroads Capital Partners
First Eagle Investments
Hermes GPE
IL&FS Investment Managers
Ventureast
03 · Allocation
How Lancashire County Pension Fund’s fund book is spread.
The 83 funds Lancashire County Pension Fund backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- Europe 5364%
- North America 2631%
- Rest of world 45%
United Kingdom 38 · United States 25 · France 4 · Switzerland 4
How established those managers are
Managers grouped by how many funds they have raised — across the 63 of 83 with a fund history on record.
Emerging funds · 25
Established funds · 38
9
1
10
2
6
3
3
4
10
5-6
8
7-9
10
10-14
7
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other pension funds in the Power Law LP ranking, closest to Lancashire County Pension Fund by combined power-law score — Europe first, then the nearest worldwide.
🇫🇮
Elo
$30B AUM
85 VC funds backed
🇸🇪
AP6
$5.0B AUM
24 VC funds backed
🇬🇧
Merseyside Pension Fund
$13B AUM
69 VC funds backed
🇺🇸
San Diego City Employees' Retirement System
$12B AUM
66 VC funds backed
🇫🇮
Ilmarinen
$65B AUM
95 VC funds backed
🇺🇸
AT&T Umbrella Benefit Plan No. 1
12 VC funds backed
🇬🇧
Greater Manchester Pension Fund
$35B AUM
60 VC funds backed
🇬🇧
West Yorkshire Pension Fund
$12B AUM
37 VC funds backed