Pinsent Masons advises Nest pension scheme on infrastructure investment

01 Jun 2021 | 08:53 am | 1 min. read

Multinational law firm Pinsent Masons has advised Nest, the auto-enrolment pension scheme, on its appointment of GLIL Infrastructure to help further its goal of investing nearly £3bn into infrastructure equity by the end of the decade.

Following the deal, infrastructure will now make up at least 5% of Nest’s total portfolio and is the first time a UK defined contribution pension scheme has been able to significantly invest directly into infrastructure.

Nest intends to invest in a range of infrastructure types including fibre networks, social housing, water and waste treatment plants, and seaports. Nest's investment in GLIL will form part of an estimated initial commitment to these mandates of £800m, with significant further commitments in subsequent years.

The Pinsent Masons team acting on the deal advised Nest on all aspects of its investment in GLIL and included investment funds partners Oliver Crowley and David Young alongside Hatice Ismail and Sofia Stavridi advising on tax.

Commenting on this, lead partner at Pinsent Masons, Oliver Crowley said:
“This is a vital step in the sophistication of Nest’s investment strategy and a fantastic opportunity for long-term returns to ensure a better retirement for all its members. We are seeing infrastructure investment at the heart of the UK’s economic recovery plans and Nest’s appointment of GLIL Infrastructure means that they can play a key role in funding some of those projects. We were pleased to be in a position to assist Nest on this landmark investment further showcasing the firm’s expertise in advising on complex consortium structures.”

Discussing the new mandate Stephen O’Neill, head of private markets at Nest, said:

“We’ve been reviewing for a while the positive impact infrastructure can have in our portfolio, so to have the contract with GLIL Infrastructure signed is fantastic. I want to thank Pinsent Masons and their team for working hard to get us over the line. We’re now in a position to start deploying capital, allowing our members to benefit from investments that have previously been out of reach for auto enrolled savers.”

Latest press releases

Show me all press releases

Pinsent Masons advises DCC Energy on the acquisition of WIRSOL Roof Solutions

Multinational law firm Pinsent Masons has advised DCC Energy, a division of leading international sales, marketing and support services group DCC plc, on the acquisition of WIRSOL Roof Solutions (WIRSOL), a provider of photovoltaic (PV) and battery storage systems.

Pinsent Masons advises M Group Services on its buyout by CVC

Multinational law firm Pinsent Masons has advised M Group Services, the leading provider of essential infrastructure services in the UK and Ireland, on its sale to private equity house CVC.

Pinsent Masons lawyers appointed to the ICC International Court of Arbitration

Multinational law firm Pinsent Masons’ partner Sylvia Tonova and senior associate Chloé De Jager have been appointed as Members of the ICC International Court of Arbitration, as representatives for Bulgaria and South Africa respectively. Both new appointments are for a three-year term set to commence on 1 July 2024.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises M Group Services on its buyout by CVC

Multinational law firm Pinsent Masons has advised M Group Services, the leading provider of essential infrastructure services in the UK and Ireland, on its sale to private equity house CVC.

Pinsent Masons promotes 22 to its partnership

Multinational law firm Pinsent Masons has boosted its global professional services capabilities with the promotion of 22 new partners.

Pinsent Masons hires senior litigation and investigations partner Melanie Ryan in London

Multinational law firm Pinsent Masons has appointed litigation partner Melanie Ryan to join its Global Investigations team in London.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.