Border to Coast Pensions Partnership has selected Northern Trust as its third-party administrator and depositary to support its future real estate investment management capabilities. Northern Trust will deliver fund accounting, custody services and investment operations support for the real estate capability, alongside depositary services. The new real estate business will see two global indirect property funds launched by early 2023, with a further UK direct property fund launch to follow. Established in 2018, Border to Coast Pensions Partnership was created to pool the investments of like-minded Local Government Pension Scheme (LGPS) funds in the UK.
