TfL Pension Fund is the pension scheme for Transport for London employees.
TfL Pension
United Kingdom
$21
2.60
Stephen Field
Padmesh Shukla
Maria Antoniou
1.7% UK equities
19.1% Developed market equities
2.7% Emerging market equities
2.7% Fundamental equities
0.1% Developed equities with EM tilt
12.3% Liability hedging
5.1% Global bonds
6.7% Alternative credit
18.8% Liquid alternatives
0.5% Renewables
10.2% Infrastructure
8% Private equity
4.4% Private credit
1.2% Commodities
4.7% Real estate
1.8% Cash for investing/derivatives for hedging
Asset allocation as of March 31, 2025. All information is as per the most recent annual report or other publicly available data via the fund's website
| Fund Name | Country | AUM ($B) | Articles | More Info |
|---|---|---|---|---|
PKA Pension Fund | Denmark | $79 | 7 | View Info |
California State Teachers Retirement System (CalSTRS) | United States | $368 | 134 | View Info |
People’s Pension (People’s Partnership) | United Kingdom | $42 | 2 | View Info |





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