“Place-based, nature-based infrastructure” is “a key component of strategic investment, delivering both resilience and returns,” said Darran Ward, head of alternatives at West Yorkshire Pension Fund.
A UK pension fund has agreed to commit capital to a new kind of investment fund whose creators claim it can generate market-beating returns through nature restoration programmes.
West Yorkshire Pension Fund, which manages about US$27 billion ($34.41 billion) of assets, will allocate GBP25 million ($43.72 million) to the fund, whose backers say it has the potential to generate double-digit returns, according to a statement on Monday.
