Nest launches private equity procurement

31 August 2021

• Estimated £1.5bn to be invested in private equity by 2024
• Nest: “We’ll provide an important source of capital, injecting new money into innovative and growing businesses”

Nest has today launched a new procurement inviting fund managers to provide solutions for investing in private equity.

For the past couple of years Nest has steadily added private market assets into its investable universe, from issuing private credit to mid-sized companies to investing directly into infrastructure projects.

The not-for-profit pension scheme, with 10 million members and managing £20bn AUM, is now seeking innovative ways to start investing into growth and mid-market private equity.

Following a successful procurement, Nest is targeting an allocation of 5% of its AUM to private equity, an estimated £1.5bn by the end of 2024.

Source: Nest