LGPS Central

What LGPS Central does

LGPS Central Limited is a UK-based, FCA-authorised asset manager established in 2018 that operates as a regulated investment pool for Local Government Pension Scheme (LGPS) funds. The company manages pooled assets for 14 Partner Funds across central England and surrounding regions — including Cheshire, Derbyshire, Gloucestershire, Hampshire, Leicestershire, Norfolk, Nottinghamshire, Oxfordshire, Shropshire, Staffordshire, Suffolk, West Midlands, Wiltshire, and Worcestershire — collectively serving 1,641,963 scheme members across approximately 5,000 participating employers.

The firm operates an Authorised Contractual Scheme (ACS) platform with multiple sub-funds spanning listed equities, fixed income, private credit, private equity, property, and alternatives. Proprietary operational frameworks include a Responsible Investment Integrated Status (RIIS) applied to 100% of funds, TCFD-aligned climate reporting, a proprietary Climate Risk Monitoring Service, and a Net Zero Strategy targeting financed emissions reductions of 50% by 2030 and full scope 1 & 2 net zero by 2050. Underlying technology infrastructure is supplemented through a strategic partnership with State Street for fund administration, portfolio monitoring, and regulatory reporting across 13 funds.

Revenue is generated entirely through asset management fees charged on approximately £56bn of assets under stewardship (part of £100bn in combined Partner Fund assets), with annual billing and pricing structured to deliver net cost savings versus individual fund management. Distribution is exclusively direct-to-Partner-Funds through formal governance structures including shareholder meetings and an Advisory Board; LGPS Central is owned by its Partner Funds, creating a dual customer-shareholder relationship. The company is headquartered in Wolverhampton and operates with 101-250 employees, having achieved break-even on investment operations in 2023/24 with projected cumulative gross cost savings of £339.1 million by 2033/34.

Name

LGPS Central

Legal name

LGPS Central Limited

Website

https://lgpscentral.co.uk

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

LGPS Central is a UK FCA-authorised asset manager that pools and invests the assets of 14 Local Government Pension Scheme Partner Funds, managing approximately £56bn in pooled assets on behalf of over 1.6 million scheme members through an ACS platform spanning public and private markets.

Ownership category

akta.pro rank

Product category

Pension Fund Pool Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industry

Real Assets — Real Asset Fund Platforms / Multi-Asset Real Assets (Diversified Real Assets Funds) (FSAHAIAM)

Keywords

• Pension fund pooling
• Asset management services
• Responsible investment management
• Private market investing
• Authorised contractual scheme

Headquarters

HQ city

Matlock

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: LGPS Central generates revenue through asset management fees charged on assets under management across its pooled investment funds. The company operates as an authorised and regulated asset manager, managing pooled assets for Partner Funds with fees structured to deliver cost savings versus individual fund management.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

LGPS Central manages pooled investment assets for 14 UK Local Government Pension Scheme Partner Funds through an Authorised Contractual Scheme (ACS) structure. It invests across listed equities, fixed income, private credit, private equity, property, infrastructure, and alternatives on behalf of Partner Funds, delivering economies of scale, cost savings, and 100% Responsible Investment Integrated Status. The company is FCA-authorised as an asset manager and operator of alternative investment funds, serving over 1.64 million scheme members.

Differentiator

Problem solved

Functional benefit

Products and services

• Buy and Maintain Sterling Investment Grade Credit Fund Pooled sterling investment grade credit fund structured for Partner Funds, delivering a buy-and-maintain approach to sterling corporate credit with RIIS status and benchmarked against ICE BofA Sterling Non-Gilts.
• UK Direct Property Fund Sub-fund of the LGPS Central Property ACS, developed in partnership with DTZ Investors, offering Partner Funds pooled UK direct property exposure with a medium-term target of up to £500m of UK investments.
• Global Equity Active Multi-Manager Fund ACS sub-fund offering Partner Funds global equity exposure through an active multi-manager structure, currently with four underlying managers including Longview Partners.
• Global Sustainable Equity Fund £1bn pooled global sustainable equity fund offering Partner Funds a sustainability-themed listed equity mandate.

Quantifiable outcome

• £89.0 million in gross cost savings achieved to date for Partner Funds
• +4 more outcomes

Named customers14 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• C2ZerominorStrategic or Co-development Partner · 24 February 2025Partnership with C2Zero adopting an innovative approach to managing and reducing operational emissions, complementing LGPS Central's Net Zero strategy for financed emissions.
• State StreetcoreTechnology or Integration · 22 February 2024Strategic collaboration with State Street as provider of fund administration services for private markets products. State Street supports 13 funds with fund administration, registration services, investor services, regulatory reporting, and provides portfolio monitoring solutions for deeper analysis.
• DTZ InvestorscoreStrategic or Co-development Partner · 12 December 2023Partnership for management of the UK Direct Property Fund, a Sub-fund of the LGPS Central Property ACS. DTZ Investors manages the fund with a differentiated approach to portfolio construction and responsible investment integration. Fund has medium-term target to invest up to £500m across the UK.
• 30% ClubminorOthersIndustry initiative supporting gender diversity in investment management. LGPS Central is an active supporter.
• PRI (Principles for Responsible Investment)minorOthersUN-supported network of investors committed to incorporating ESG factors into investment decisions. LGPS Central participates in PRI initiatives and has received 5-star ratings.
• IIGCC (Institutional Investors Group on Climate Change)minorOthersEuropean investor group on climate change providing guidance on climate-related investment. LGPS Central's Net Zero Strategy was constructed based on the Net Zero Investment Framework established by IIGCC.
• ICGN (International Corporate Governance Network)minorOthersGlobal network of investors focused on corporate governance and stewardship. LGPS Central collaborates on responsible investment initiatives.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Schroders: Major UK asset manager with deep LGPS relationships and broad pooled product offerings across public and private markets. Competes with LGPS Central for equity, fixed income, private market and property mandates.
• Legal & General Investment Management (LGIM): One of the largest UK asset managers and a long-standing investment manager to LGPS funds. A broad incumbent that competes for the same institutional LGPS mandates and runs extensive pooled fund ranges across all major asset classes.
• abrdn (formerly Aberdeen Standard Investments): Large UK-headquartered asset manager serving institutional clients including LGPS funds. Directly comparable as an external manager LGPS Central competes with for fixed income, infrastructure and pooled equity mandates.

Others

• Macquarie Asset Management: Global infrastructure and real assets manager that LGPS Central partners with on UK regional airports. A peer in the institutional infrastructure / private markets space where LGPS Central sources specialist capability through co-investment.
• CVC Capital Partners (CVC DIF): Global private markets manager with a dedicated infrastructure platform (CVC DIF). Comparable as an institutional capital partner with whom LGPS Central co-invests in European renewable energy and infrastructure assets.

Direct peers

• Border to Coast Pensions Partnership: UK LGPS pool managing c.£60bn for 11 Partner Funds. Directly comparable as one of the eight UK pooling entities, offering similar multi-asset pooled investment services with comparable governance structure and target client base of public sector pension schemes.
• Brunel Pension Partnership: UK LGPS pool serving 10 Partner Funds with c.£30bn AUM. Operates an analogous multi-asset pooled fund model with strong ESG focus, making it one of the closest functional comparables to LGPS Central in scale, structure and mandate.
• Local Pensions Partnership (LPPI): UK LGPS pool established in 2015, managing assets for local authority pension funds including the London CIV consortium. Competes directly with LGPS Central for new Partner Fund mandates and offers similar multi-asset pooled products.
• Wales Pension Partnership: Welsh LGPS pool managing pooled assets for the eight Welsh local authority pension funds. Closely comparable in pooling structure, governance and client base, though smaller in scale and operating in a different UK region.

Regional players

• Northern Pool (Tyne and Wear Pension Fund / Cumbria LGPS): Smaller UK LGPS pooling arrangement in the North East and Cumbria region. Operates a comparable pooled investment model for a smaller group of Partner Funds, providing a useful size and operational benchmark.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lgps-central

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LGPS Central