News & Analysis

In brief: Cambridge Uni pension to consider climate opps

A defined benefit scheme for the University of Cambridge's support staff mandates an investment consultant to integrate sustainability considerations – including climate investment – into its investment activity.

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The Cambridge University Assistants’ Contributory Pension Scheme – or CUACPS – has mandated consulting firm Redington to advise on its circa £700 million (€817 million; $880 million) of assets. One of the consultant’s “key responsibilities” will be to enhance the pension’s sustainability characteristics with “particular attention” paid to “the climate transition as investors and responsible stewards of capital”, according to a statement from Redington.

Redington will tap into an opportunity set that includes private fund and impact strategies, the firm said.

CUACPS is an open defined benefit pension scheme for the Cambridge University’s support staff. According to its most recent annual report, to year ended July 2022, it had committed capital to two private markets funds: CVC Capital Partners‘ Direct Lending Fund and Copenhagen Infrastructure Partners‘ fourth fund.