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Avon Pension Fund announces £50m place-based investing mandate backing local SMEs

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Avon Pension Fund has confirmed the details of a new mandate aimed at backing local small and medium-sized businesses.

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The commitment, a £50m private equity strategy to be managed by Foresight, will enable Avon to take equity positions in local firms, in a

LGPS allocations to UK plc have been at the forefront of a growing debate with the government nudging the scheme to invest more in stocks at home.

(Left to right: James Beaumont, Piers Hillier and Mark Davies, credit: Mark Flynn)