Nest, the pension scheme representing a third of the UK workforce and £24 billion worth of assets, has confirmed its appointment of Schroders Capital to help its savers invest in private equity.
Nest, the pension scheme representing a third of the UK workforce and £24 billion worth of assets, has confirmed its appointment of Schroders Capital to help its savers invest in private equity.
Schroders Capital, the private markets specialist which is part of the Schroders Group, has already begun sourcing investment opportunities for Nest. The fund manager will focus on growth and middle market deals, whereby the goal is to expand the business and its profitability.
The private equity investments will be folded within Nest’s existing default ‘Retirement Date’ funds and Nest’s members will benefit from them within the existing charge structure.
Nest estimates it will have at least £1.5 billion invested in private equity by early 2025, depending in part on the right deals being available. The longer-term target is to have around 5% of Nest’s portfolio invested in private equity.
