Pensions

Private equity’s newest target: Your pension fund

Charge cap discussions could allow pensions to invest billions more into private equity

Nest, which represents a third of the UK workforce and has £24bn worth of assets, said its longer-term target is to have around 5% of its portfolio invested in private equity
Nest, which represents a third of the UK workforce and has £24bn worth of assets, said its longer-term target is to have around 5% of its portfolio invested in private equity Photo: Getty Images

Buyout bosses are eyeing up a vast pool of potential capital in the pensions sector.

They are hoping to gain access for the first time to pots of money in so-called defined contribution schemes, where millions of employees in the UK invest their savings for retirement.

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