Agenda

Local Pension Committee - Friday, 5 December 2025 9.30 am

Venue: Sparkenhoe Committee Room, County Hall, Glenfield

Contact: Mrs Angie Smith (0116 305 2583). Email: Angie.Smith@leics.gov.uk

Items
No.	Item
1.	Minutes of the meeting held on 26 September 2025. PDF 154 KB
2.	Question Time. PDF 150 KB
3.	Questions asked by members under Standing Order 7(3) and 7(5).
4.	To advise of any other items which the Chairman has decided to take as urgent elsewhere on the agenda.
5.	Declarations of interest in respect of items on the agenda.
6.	LGPS Central Presentation. PDF 265 KB Additional documents: Appendix 5 December 2025 - LGPSC Presentation , item 6. PDF 902 KB
7.	Valuation of Pension Fund Investments. PDF 491 KB Additional documents: Appendix Hymans Capital Markets Update Autumn 25 , item 7. PDF 3 MB
8.	Investment Advisor Objectives 2026. PDF 115 KB Additional documents: Appendix - Nov 2025 Investment consultant objectives , item 8. PDF 188 KB
9.	Local Government Reorganisation. PDF 156 KB
10.	Risk Management and Internal Controls. PDF 172 KB Additional documents: Appendix A Risk Register November 25 , item 10. PDF 1 MB Appendix B Pension Fund Risk Register Key - Updated , item 10. PDF 194 KB
11.	Climate Related Disclosures Report 2025 and Responsible Investment Update. PDF 275 KB Additional documents: Appendix A - Climate related disclosure report , item 11. PDF 6 MB Appendix B - RI Plan 2025 Nov update , item 11. PDF 213 KB Appendix C - LPFVotingReportQ32025 , item 11. PDF 153 KB
12.	Date of next meeting. The date of the next meeting is scheduled for 30 January 2026 at 10.00am.
13.	Any other items which the Chairman has decided to take as urgent.
14.	Exclusion of the Press and Public. The public are likely to be excluded during consideration of the remaining items in accordance with Section 100(A)(4) of the Local Government Act 1972 (Exempt Information).
15.	Climate Related Disclosures 2025 - Exempt Information. View the reasons why item 15. is restricted
16.	Leicestershire Total Fund Summary. View the reasons why item 16. is restricted
17.	LGPS Central Quarterly Investment Report. View the reasons why item 17. is restricted
	Growth
18.	Ruffer Quarterly Report. View the reasons why item 18. is restricted
19.	Adams Street Partners Quarterly Report. View the reasons why item 19. is restricted
20.	Fulcrum Diversified Core Absolute Return Quarterly Report. View the reasons why item 20. is restricted
21.	Legal and General Investment Manager Quarterly Report. View the reasons why item 21. is restricted
22.	LGPS Central PE Primary Partnership 2018 LP Quarterly Report. View the reasons why item 22. is restricted
23.	LGPS Central PE Primary Partnership 2021 LP Quarterly Report. View the reasons why item 23. is restricted
24.	LGPS Central PE Primary Partnership 2023 LP Quarterly Report.
25.	Patria SOF Quarterly Report. View the reasons why item 25. is restricted
	Income
26.	KKR Global Infrastructure Investors Quarterly Report. View the reasons why item 26. is restricted
27.	Saltgate UK AVPUT. View the reasons why item 27. is restricted
28.	Christofferson Robb & Company CRC Capital Release Fund Quarterly Report. View the reasons why item 28. is restricted
29.	LGPS Central Direct Property Quarterly Report. View the reasons why item 29. is restricted
30.	IFM Global Infrastructure Quarterly Investor Report. View the reasons why item 30. is restricted
31.	JP Morgan Asset Manager Infrastructure Investments Fund Quarterly Report. View the reasons why item 31. is restricted
32.	LaSalle Leicestershire County Council Pension Fund Quarterly Report. View the reasons why item 32. is restricted
33.	LGPS Central Core/Core Plus Infrastructure Partnership LP Quarterly Report. View the reasons why item 33. is restricted
34.	LGPS Central Credit Partnership Quarterly Report. View the reasons why item 34. is restricted
35.	M&G Investments Debt Opportunities Quarterly Report. View the reasons why item 35. is restricted
36.	Partners Group Multi Asset Credit Quarterly Reports. View the reasons why item 36. is restricted
37.	Quinbrook Infrastructure Partners Net Zero Power Fund Quarterly Report. View the reasons why item 37. is restricted
	Protection
38.	Aegon Asset Management Quarterly Report. View the reasons why item 38. is restricted
39.	Aegon Asset Management Global Short Dated Climate Transition Fund Quarterly Report. View the reasons why item 39. is restricted
40.	Aegon Asset Management LCCPF IL and FX Update. View the reasons why item 40. is restricted