West Yorkshire Pension Fund (WYPF) has committed a £30m investment into Salica Investments’ Growth Debt Fund II, a specialist fund providing financing to growing businesses across the UK.
This commitment, said the fund, reflects WYPF’s long-standing strategy to support the domestic economy while delivering sustainable returns for its members and stakeholders.
“Growth-stage businesses are the backbone of the UK economy,” said Oscar Sheehan, deputy investment manager at WYPF. “By backing companies with strong intellectual property, recurring revenues, and clear growth trajectories, we’re helping unlock the next generation of industry leaders.”
The fund targets businesses often underserved by traditional lenders, offering senior secured loans to support innovation, job creation, and regional development.
Darran Ward, head of alternatives at WYPF, (pictured) noted that Salica’s “disciplined approach to growth lending aligns with our alternatives mandate” as well the “commitment to supporting UK enterprise while delivering long-term value for our members.”
The investment aligns with WYPF’s broader commitment to responsible investing and its role in supporting long-term economic growth and resilience across the country.
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