The Britannia Pension Scheme has completed the sale of a private credit fund worth around £72m through Isio’s Fund Liquidity Options (i-FLO) platform.

This is the first transaction on i-FLO, a platform designed to enable investors to sell illiquid assets more efficiently. Britannia Pension Scheme said it chose Isio for its pricing, efficient execution, and transparency, offering a cost-effective alternative to traditional approaches to selling illiquid assets. i-FLO was launched following demand from pension schemes to sell illiquid assets and due to the challenges of achieving competitive prices, managing fees, and completing transactions efficiently.

Railpen and GreenPower have partnered to co-develop the around 66-megawatt (MW) Barachander onshore wind project in North Argyll.

This investment extended the existing partnership in which Railpen and GrenPower are co-owners of the 46MW operational Carraig Gheal Wind Farm. Barachander is situated near the Carraig Gheal wind farm and is in the pre-planning consultation stage to submit a planning application later this year. The project expands on Railpen’s broader green energy investment. With the addition of Barachander, Railpen will now support energy provision for the equivalent of over 250,000 homes across its renewable assets portfolio.

The Wales Pension Partnership (WPP) has appointed private real estate investment managers to facilitate the implementation of its private markets’ investment solutions.

Following the completion of a public procurement process and with the support of bfinance and Hymans Robertson, Schroders has been appointed as the UK core real estate manager and local/impact real estate manager. Meanwhile, CRBE has been appointed as the international real estate manager. For UK core real estate, it will take existing pooled fund investments and transition them over time to an open-ended direct property investment portfolio. For international real estate, it will establish an open-ended investment vehicle investing in funds and direct assets on a global basis. Additionally, for local/impact real estate it will develop an investment programme utilising fund investments and direct asset investments in UK impact strategies, with at least 50 per cent of assets located in Wales.

Smart Pension master trust has joined the Diversity Project.

The Diversity Project is a cross-company initiative that champions shared learning and promotion of best practices to achieve a diverse, equitable, and inclusive UK investment and savings industry. By signing up for the initiative, Smart Pension joins other industry members and has committed to make progress in diversity, equity and inclusion (DE&I) and drive change in the industry. The Diversity Project aims to reduce gender pay gap levels, achieve a 90 per cent ethnicity disclosure rate amongst participating businesses, and support graduate and school leaver recruitment programmes focused on socioeconomic diversity.

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