Twitter LinkedIn
    Friday, February 3
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»BlackRock takes over £21bn of BA pension scheme assets
    Deals

    BlackRock takes over £21bn of BA pension scheme assets

    June 2, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    British Airways has handed the management of £21bn worth of pension assets to Blackrock in a bespoke deal between the airline and the asset manager. The agreement encompasses the assets directly under management for BA’s Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS), which serve 85,000 members and until now have been managed by an in-house provider.

    Roger Maynard, a trustees of both APS and NAPS, said: “Operating our in-house manager, British Airways Pension Investment Management, has delivered excellent investment performance and stewardship of the schemes over many years.

    “This agreement is the necessary next step in the evolution of the schemes as they look to enhance their respective investment strategies, working toward their funding goals. In BlackRock, we have identified an asset manager that will ensure the continued focus on delivering enhanced oversight, investment management and long-term value for the Schemes in the interests of our members.”

    Read more/Source: City A.M.

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital deals PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    EQT Infrastructure acquires Madison Energy Investments

    December 22, 2022

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Recent Rule Changes Spark New Wave of Private Equity Ownership in Pro Sports

    November 29, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Comments are closed.

    Other Articles

    Apex enhances Loan Agency offering

    April 2, 2021

    Ares Management Corporation raises USD2.2bn of climate infrastructure capital

    December 16, 2021

    Venture capital funding in India hits $3.1 billion in fourth quarte: KPMG

    January 26, 2021

    WTA opts for £150m CVC investment

    July 7, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?