The full agenda, reports and minutes of today's meeting of the Strathclyde Pension Fund Committee are now available.

The Committee approved the circulation to participating employers of a draft response to a review of the structure of the Scottish LGPS being carried out by the Pensions Institute on behalf of the Scottish Local Government Pension Scheme Advisory Board.

The Committee approved:

  • A £30m investment in Beechbrook UK SME Credit II to provide loans to UK regional businesses in the lower mid-market segment
  • A £20m investment in the Par Equity HealthTech Fund LP to invest in early stage, high growth technology in the healthtech sector (excluding drug development)

The Fund's total return for the quarter ending 30 June 2018 was +3.3%.

As at 30 June 2018 the Fund's value was £21,446m, and the estimated funding level was 112.1%.

The Fund's value as at 31 July 2018 was £21,815m.