The £18bn Post Office pension schemes have appointed Hamilton Lane and Pathway Capital to manage US private equity briefs.
Both companies will manage mandates worth £100m within a 3 per cent allocation level.
A spokesperson said that the Trustees are in the process of finalising a deal with investment managers for the European private equity briefs.
The Post Office pension scheme recently appointed Standard Life as an alternative AVC provider. This followed on from its decision to sell stakeholder through the Post Office using Standard Life.