The U.K. Wants Pension Funds to Put Money in Pre-IPO Tech Firms
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The U.K. is trying to encourage more of its pension funds to plow money into tech companies before they go public, as part of a broader effort to make London a hub for fast-growing innovative firms.
British funds are lagging behind their U.S. counterparts in investing in tech start-ups, a fact that crimps their returns, according to Chris Philp, Britain’s minister for technology and the digital economy.