BORDER TO COAST LAUNCHES £1.35BN GLOBAL FIXED INCOME FUND
Posted on July 22nd, 2026
- Local Government Pension Scheme (LGPS) pool expands its fixed income proposition with internally managed global bond fund.
- The fund unlocks cost-effective LGPS access to a growing $3trn market in global investment grade labelled bonds.
- Secures strong backing from Partner Funds with £1.35bn in capital commitments.
Border to Coast Pensions Partnership (Border to Coast), the £120bn LGPS pool, has launched a fixed income fund as it further builds out its internal investment proposition.
Designed in collaboration with Partner Funds, the fund leverages the pool’s scale and internal expertise to gain cost-effective access to a growing market within global investment grade labelled bonds.
Launched in July with £1.35bn of capital commitments from Partner Funds, the strategy (Global Sustainable Bond Fund, GSB), will be managed directly by the pool’s internal investment team, complementing its existing range of fixed income funds.
The portfolio management team has significant expertise in developed and emerging market fixed income and is supported by a dedicated credit research team and global sector research function.
“The market for labelled bonds has witnessed incredible growth over the last five years. There has been nearly $5trn of issuance over this period and the fund’s benchmark has a market value of $3.3trn. The GSB Fund provides LGPS Partner Funds with focused exposure to this growing market for the first time, supporting long-term investment strategies with a diversified, expertly managed proposition.”
Image: Penrith, Cumbria
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