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NESPF slashes private equity allocation

The Aberdeen-based public pension has decreased its exposure to the asset class.

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Institution: North East Scotland Pension Fund
Headquarters: Aberdeen, United Kingdom
AUM: £4.50bn
Allocation to alternatives: 6.0%
Bitesize: £10-50m

North East Scotland Pension Fund (NESPF) has decreased its private equity allocation from 5.62 percent in Q1 2018 to 5.0 percent in Q1 2019, a contact at the pension informed Private Equity International.

This drop continues the phasing out of private equity from NESPF’s portfolio, with allocation to the asset class having previously reached a high of 6.31 percent in Q1 2017.

As illustrated in the charts below, the £4.50 billion public pension’s last commitment to a private equity fund was €30 million to 2016 vintage Unigestion Secondary Opportunity Fund IV.

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