Border to Coast launches private credit offering

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LGPS pool Border to Coast has launched a private credit offering and announced its initial private equity and Infrastructure investments.

In May, the pool secured £500m of commitments from eight partner funds for its first private equity offering.

So far, it has invested $40m in the GreatPoint Innovation Fund II, £40m in the Palatine Private Equity Fund IV and $60m in theBaring Asia Private Equity Fund VII.

Border to Coast chief investment officer Daniel Booth said: “We are very pleased with the level of engagement from industry participants following the launch of our private markets offerings and the openness and transparency of managers on which we have conducted due diligence.”