LP profile · Pension fund
Lancashire County Pension Fund
Lancashire County Pension Fund is a pension fund headquartered in United Kingdom (Europe). Ranked #224 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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.
Sources
- https://lancashirecountypensionfund.org.uk/about-lcpf/
- https://www.localpensionspartnership.org.uk/Who-we-are/Our-story/Our-history
- https://www.localpensionspartnership.org.uk/what-we-do/investments/
- https://www.yourpensionservice.org.uk/media/1453/view-the-full-pension-fund-annual-report-2017.pdf
- https://council.lancashire.gov.uk/documents/s202140/Report.pdf