Press release 16 October 2025

Backing UK growth with £30 million commitment to Salica Growth Debt Fund II

West Yorkshire Pension Fund (WYPF) is pleased to announce a £30 million investment into Salica Investments’ Growth Debt Fund II, a specialist fund providing vital financing to growing businesses across the UK.

This commitment 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.

“We’re pleased to deepen our partnership with Salica through Fund II,” said Darran Ward, Head of Alternatives at WYPF. “Their disciplined approach to growth lending aligns with our Alternatives mandate and our 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.