WY
LP profile
West Yorkshire Pension Fund
Limited partner
Pension fund · Founded 1900 · Bradford, United Kingdom
69
VC firms backed
$12B
AUM
~$120M
Allocated to VC (est. 1%)
01 · Background
Who West Yorkshire Pension Fund is.
- Historical Background
- The West Yorkshire Pension Fund was established in 1974 as part of the Local Government Pension Scheme. It was created to serve the five district councils of West Yorkshire: Bradford, Calderdale, Kirklees, Leeds, and Wakefield. In April 2015, a Local Pension Board was established to oversee the fund, as required by the Public Service Pensions Act 2013.
- Source of Capital
- The fund's capital is sourced from the Local Government Pension Scheme (LGPS), a statutory, funded pension scheme for local government employees in England and Wales. Contributions come from both employees and employers across the five West Yorkshire district councils and over 400 other associated employers.
- Allocation Strategy
- The fund invests across a diversified range of asset classes, including public equities, private equity, infrastructure, and property. Geographically, the fund maintains a global investment portfolio, with significant allocations to UK, US, and other international markets. As of March 2024, the fund's strategic asset allocation targets include a 41.5% allocation to public equities, 17.5% to private equity, 12.5% to infrastructure, and 8.5% to property.
02 · Fund commitments
The funds West Yorkshire Pension Fund backs.
West Yorkshire Pension Fund is a limited partner in 69 funds. 4 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
General Catalyst
#13 Power Law
BlackRock
#83 Power Law
Blackstone
#240 Power Law
JP Morgan
#243 Power Law
3i Group
Aberdeen
Aberdeen Asset Management
Aberdeen Standard Investments
Affirma Capital
Alpine Investors
Alvarez & Marsal Capital
AMP Capital
Antin Infrastructure Partners
Apollo Aviation Group
Aviva
Bridgepoint
BV Investment Partners
CCMP Capital Advisors
Colbeck Capital Management
EIG Global Energy Partners(EIG)
Elysian Capital
Enterprise Ventures
Equistone
Equitix
ETF Partners
Genstar Capital
Macquarie Infrastructure and Real Asset
OCP Asia
03 · Allocation
How West Yorkshire Pension Fund’s fund book is spread.
The 69 funds West Yorkshire 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 4159%
- North America 2435%
- Rest of world 46%
United Kingdom 36 · United States 24 · Australia 2 · Norway 2
How established those managers are
Managers grouped by how many funds they have raised — across the 47 of 69 with a fund history on record.
Emerging funds · 23
Established funds · 24
13
1
4
2
6
3
4
4
8
5-6
3
7-9
3
10-14
6
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other pension funds in the Power Law LP ranking, closest to West Yorkshire Pension Fund by combined power-law score — Europe first, then the nearest worldwide.
🇺🇸
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
🇺🇸
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
🇫🇮
Varma
$60B AUM
64 VC funds backed
🇬🇧
Lancashire County Council
$9.9B AUM
22 VC funds backed