Nest has today announced that it has entered into a new private equity partnership with Schroders Capital.
The new partnership will see the government-backed auto-enrolment provider and Schroders Capital -the private markets investment division of Schroders – join forces to help the third of the UK workforce currently saving with Nest, with approximately £24bn in assets, to invest in private equity.
The investments will have a specific focus on middle market deals, and it is expected that at least £1.5bn in funds will have been invested in private equity by 2025. The long-term target for the partnership is for around 5% of Nest’s total pensions portfolio to have been invested into private equity.
Read more: Professional Pensions
