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Devon Pension Fund increases exposure to alternatives

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Devon Pension Fund, which manages £6.2bn in assets, has expanded its investment in private markets, with a particular focus on infrastructure and UK property.

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Between January and March 2025, the fund invested an additional £18m in infrastructure, bringing its total allocation in the sector to £554m. It also

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)