The National Employee Security Trust (NEST) in the UK made headlines for its intention to allocate £1.5 billion ($2.06 billion), or roughly 5% of assets, to private equity by 2024.
The £20 billion ($27.51 billion) state-backed pension plan has reportedly announced a search for private equity fund managers. It marks the first move by a public pension scheme of this scale in the space and follows the urging of government officials to embrace on behalf of pension savers a more . . .
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