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LONDON, 19 August 2020: FwDiscovery Group LLP (“FwDiscovery”) is pleased to announce it has completed the acquisition of Pensions Infrastructure Platform Limited (“PiP”) which was previously announced in July 2020.

Paula Burgess, CEO of PiP, becomes a Partner of FwDiscovery and the PiP team, including CIO Ed Wilson and Head of Asset Management Andy Clapp, have joined FwDiscovery’s infrastructure team of investment and asset management professionals.

The PiP platform and portfolio will continue as a discrete entity within FwDiscovery, and the PiP team will continue to manage PiP’s assets and relationships with its LPs, building on this base for further diversification.

The acquisition sees FwDiscovery’s assets under management grow by 38% (£1.8 billion) to £6.5 billion.

PiP and FwDiscovery are signatories of the Principles for Responsible Investment (PRI) and the transaction further strengthens FwDiscovery’s impressive ESG and sustainability credentials.

Bernard Fairman, Chairman of FwDiscovery said: “We are delighted to welcome Paula and her team, whose skills and experience will add breadth and depth to our already impressive infrastructure focus. Investment in infrastructure and particularly in green infrastructure lies at the heart of the Government’s recovery plans. Our team at FwDiscovery continues to target long-term investment into projects that are transforming the infrastructure of the UK, boosting jobs, helping accelerate the much-needed economic recovery and creating a smarter future for all.”

Paula Burgess, CEO of PiP, added: "We are thrilled to be joining FwDiscovery. We will continue to help UK pension funds enhance their infrastructure allocations, while bringing additional skills and resources to attract greater investment as part of a larger platform.”