The infrastructure joint venture launched by Greater Manchester and the London Pension Fund Authority (LPFA) last year has grown to £1.3bn.
The local government pension scheme (LGPS) pools have come under fire for not including member representation on governance boards to oversee the radical changes.
An all-party parliamentary group (APPG) has been created for the local government pension scheme (LGPS) to discuss pooling and increasing its investment in UK infrastructure.
Hertfordshire has joined ten local administering authorities to pool their pension assets through A Collaboration of Central, Eastern and Southern Shires (ACCESS).
The government is to launch a national infrastructure investment platform for the Local Government Pension Scheme (LGPS) through pooling.