NEST commits £200m venture capital with Schroders Capital

NEST commits £200m venture capital with Schroders Capital

The master trust expects the allocation to grow over time and reach £1bn by 2030

State-backed pension scheme plans to pump £1bn into start-ups

The UK’s largest state backed pension scheme is planning to invest up to £1bn in venture capital by the end of the decade in a bid to boost returns for its members and fuel economic growth. The National Employment Savings Trust, dubbed Nest, said its plans to expand into high-growth private companies will begin with a £200m allocation into Schroders Capital. The decision by Nest, which boasts 14m members and receives around £700m in monthly cont…

UK pension scheme Nest launches £200m venture capital sleeve, Schroders Capital to manage

UK workplace pension scheme Nest has unveiled an initial £200m of investment targeting high-growth private companies through the creation of a dedicated venture capital sleeve managed by Schroders Capital. The post UK pension scheme Nest launches £200m venture capital sleeve, Schroders Capital to manage appeared first on AltAssets Private Equity News.

Nest targets £1bn venture capital allocation for UK pension savers

Nest, the UK’s largest workplace pension scheme, is planning to invest up to £1bn in venture capital by 2030 as it increases members’ exposure to private markets, according to a report by the Financial Times. The state-backed scheme has allocated an initial £200m to Schroders Capital, forming part of an existing £1.5bn private equity mandate with the firm. The capital will target middle- and late-stage venture opportunities. Nest, which has 14 m…