BP Investment Management (BPIM) is a money management firm based in London, United Kingdom. Established in 1936, the firm operates as the assets management arm of BP (British Petroleum). BP Investment Management's principal function is managing the assets of the BP UK Pension Fund for its parent company. The firm invests in the public equity, fixed income and alternative investments markets across the globe. The firm typically makes its alternative investments in real-estate and private equity. The assets of the firm are managed and governed by the board of directors.