Press release 23 September 2025

West Yorkshire Pension Fund commits £50 million to L&G Digital Infrastructure Fund, includes co-investment in UK-headquartered Kao Data

West Yorkshire Pension Fund (‘WYPF’) commits £50 million to the recently launched L&G Digital Infrastructure Fund (‘LDIF’) via co-investment in Kao Data and main fund allocation – supporting investment in the next generation of UK and European digital infrastructure.

As a cornerstone investor in LDIF, WYPF has secured a significant and direct exposure to Kao Data through the co-investment, alongside a commitment to the main fund. WYPF’s investment reflects its long-term strategy to deploy capital into resilient, income-generating real assets with strong structural growth drivers. Investment in digital infrastructure – including fibre networks, data centres, and wireless connectivity – provides essential backbone services for communities and businesses, while supporting regional growth and the transition to a more digitally-enabled economy.

L&G announced the c.€600 million (c.£520 million) first close of LDIF earlier this month. In 2019, L&G made a strategic investment in Kao Data, a leading UK head-quartered developer and operator of high-performance data centres, which has since expanded to seven facilities across four locations and continues to grow.

Investment Manager at West Yorkshire Pension Fund, Hugh Carrow, comments: “We’re delighted to partner with L&G on this landmark investment in digital infrastructure. Our co-investment in Kao Data alongside LDIF secures significant exposure to the high-growth data centre sector, supporting the UK’s digital backbone while delivering strong, long-term returns for our members. WYPF is committed to investing in scalable, high-impact infrastructure that not only delivers strong financial outcomes but also enables economic resilience and growth. This commitment will also help bring forward Kao Data’s Stockport development scheme, supporting both regional data centre development and growth of the UK’s digital economy.”

Head of Digital Infrastructure Investments at L&G, Matteo Colombo, added: “Digital infrastructure is the foundation of a modern, resilient economy, and the UK is at a critical juncture in scaling the systems that power AI, cloud services, and secure data. With the launch of our Digital Infrastructure Fund, we’re proud to be investing in the future of UK and European digital capabilities. We’re especially pleased to be partnering with West Yorkshire Pension Fund through their co-investment in Kao Data and fund allocation, reflecting a shared commitment to long-term value and regional growth.”