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 million members and receives around £700m in monthly...
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