Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

21421

PiP makes first investment

RELATED TOPICS​

The Pensions Infrastructure Platform (PiP) has completed its first investment for the PiP Multi-Strategy Infrastructure Fund (MSIF) – a GBP27.5 million inflation-linked debt refinancing of a FiT (feed-in tariff) accredited UK rooftop solar assets portfolio. 

The investment meets all of the established PiP criteria: A UK asset, which can be owned for 20 years and provides a low risk, fully amortising, inflation-linked cash flow stream. 

Mike Weston, Chief Executive of PiP, says: “Development of the Pensions Infrastructure Platform has seen a marked acceleration in recent months. We have celebrated FCA authorisation, launch of the Multi-Strategy Infrastructure Fund, subsequent first close, and now the fund’s first deal – all since January this year. This latest milestone further confirms our conviction that PiP, the infrastructure investment manager established by pension schemes for pension schemes, can offer UK pension schemes a better way to invest in UK infrastructure.
 
“This first investment demonstrates that PiP can source and secure the low risk, long-term, inflation-linked cash flows that UK pension schemes need to help meet their pension payment obligations. This is real delivery on the ambition that led to the original establishment of PiP.
 
“The team at PiP are incredibly proud of the progress we have made so far, and would encourage pension schemes of all sizes to get in touch to discuss how PiP can provide an efficient route to direct ownership of infrastructure assets to enable greater access for their schemes.”

Latest News

New research from Carne Group reveals fund managers expect alternative asset classes to see the..
Brown Brothers Harriman & Co has expanded its relationship with AllianceBernstein (AB), by adding to..
The trading and investment platform eToro has extended its proxy voting feature to all stocks..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by