The local authority pension fund partners of GLIL Infrastructure LLP (GLIL) have pledged a further GBP550 million (US$691.9 million) to the platform, bringing the total they have invested and committed to more than GBP1.8 billion (US$2.26 billion).

GLIL targets core infrastructure projects, mainly in the UK, and is run by the pension funds of Greater Manchester, Merseyside, West Yorkshire - collectively known as the Northern Pool - and Local Pensions Partnership (LPP), which manages the assets of Berkshire, Lancashire and London Pensions Fund Authority. It is structured as an Alternative Investment Fund.

So far GLIL has allocated nearly GBP900 million (US$1.13 billion) to key investments covering greenfield sites, regulated utilities and transport upgrades. GLIL’s portfolio includes minority stakes in Anglian Water, the Clyde windfarm project and social infrastructure company Semperian.