Institution: BT Pension Scheme
Headquarters: London, United Kingdom
Allocation to alternatives: 14.80%
BT Pension Scheme has agreed to allocate $1 billion in a private equity mandate to Hermes GPE, according to a report on the fund manager’s website. The mandate will be invested over three years and split equally between co-investments and funds.
The £54.75 billion UK private pension has a 3.0 percent allocation to private equity.
As illustrated below, Hermes GPE has historically been BT Pension Scheme’s primary private equity manager of choice. A similar mandate of £1 billion was made to the firm in 2015.
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