LP profile · Pension fund
West Midlands Pension Fund
West Midlands Pension Fund is a pension fund headquartered in United Kingdom (Europe). Ranked #131 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The fund's origins trace back to the 1974 local government reorganization, which established the West Midlands Superannuation Fund for council employees in the region.
- Following a subsequent reorganization in 1986, Wolverhampton Council was appointed as the administering authority for the fund.
Source of Capital
- The fund manages pension assets for current and former public sector employees in the West Midlands region of England.
- Its capital is derived from the contributions of over 340,000 members and more than 800 participating employers, including the seven metropolitan district councils.
Major Events
- The West Midlands Integrated Transport Authority Pension Fund (WMITAPF) was merged into the main West Midlands Pension Fund, with a combined investment strategy statement issued in March 2022.
Allocation Strategy
- The fund allocates capital across a diversified portfolio that includes public equities, fixed income, private equity, and property.
- In partnership with the West Midlands Combined Authority, the fund established a £25 million co-investment fund to support high-growth small and medium-sized enterprises (SMEs) within the region.
- The fund's investment strategy is formally reviewed and detailed annually in its Investment Strategy Statement, which outlines target allocations and risk management approaches.
Sources
- https://www.wmpfonline.com/about-us
- https://www.wmpfonline.com/investments/investment-strategy-asset-allocation
- https://www.privateequityinternational.com/institution-profiles/west-midlands-pension-fund.html
- https://wolverhampton.moderngov.co.uk/documents/s206803/Appendix+A+Investment+Strategy+Statement+2022.pdf
- https://www.wmca.org.uk/news/pioneering-25-million-investment-fund-launched-to-help-grow-region-s-industries-of-the-future/