The $42.5B (£34B) Railpen has promoted Lewis Vanstone, a 13-year veteran of the pension plan, to head of infrastructure.
During his tenure, Vanstone played a central role in expanding the pension plan’s infrastructure portfolio from a focus on core assets to higher-returning, earlier-stage growth assets across renewable energy, energy storage, waste collection, hospitals, and other essential infrastructure projects. In his new role, Vanstone will continue to lead Railpen’s infrastructure team as it deepens its presence in renewable energy and essential services infrastructure, including the expansion of key collaborations — such as those with AGR Power and Constantine Energy Storage.
Vanstone joined Railpen in 2019 as senior investment manager within the long-term income fund team, where he was responsible for origination, due diligence, execution and ongoing management of infrastructure investments, according to his LinkedIn profile. He was promoted to the role of investment director for infrastructure and energy portfolio in 2021.
Prior to joining the pension fund manager, he served as a member of the supervisory board at Verdis A/S for more than a year. He also worked as a director of AGR Renewables for a year and a half. Earlier in his career, Vanstone held several leadership positions at various firms, including Carraig Gheal Wind Farm.
Additionally, he is a member of Constantine Energy Storage’s management committee member.
“We are delighted to appoint Lewis, whose leadership and deep industry expertise will be invaluable as we continue to grow and diversify our infrastructure portfolio,” said Anna Rule, director of real assets and private markets, in a news release. “This appointment reflects our belief in the importance of the asset class — not only in delivering secure and sustainable outcomes for our members — but with wider-reaching environmental, societal and economic benefits.”
Railpen currently allocates around £1.2B to infrastructure, with a combination of direct and indirect investments.
