Celebrating Angel Trains, UPP’s first direct, single-asset investment 

Last week, UPP announced the completion of a co-investment in Angel Trains, one of the U.K.’s leading train leasing companies, in partnership with Arjun Infrastructure Partners. As UPP’s first direct, single-asset investment, this milestone demonstrates UPP’s expanded capacity and expertise to execute private markets investing.

Benefits of direct investing

Direct investments, which require extensive research and due diligence, can provide numerous benefits for investors. For UPP, these include more decision-making authority over assets, increased information and transparency, and cost efficiencies, all of which support enhanced investment returns. Longer term, they also help us align our investment activities closely with our strategy and long-term approach.

Seeking sustainable, high-quality investments

UPP’s private markets team has closed several new co-investments, including Angel Trains, in the last two years. These contribute to our active strategy to further diversify our portfolio with inflation-protected assets and help build sustainable value for members. UPP seeks attractive co-investment opportunities with market-leading partners to support this strategy. Read more about how we invest.

Media Contact

Kelly Conlon
Managing Director, Strategic Communications and External Relations
[email protected]



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