UK Pension Funds Stock Up On Private Companies
Big retirement schemes paring exposures to listed equities, data show
Stock price information displayed on a board at the London Stock Exchange Group Plc office atrium in the City of London, UK
Photographer: Chris Ratcliffe/BloombergWelcome to Going Private, I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at nerves building in the tech sector, the bumper carry pool at Blackstone and a blunt warning on private markets risk from one of the biggest names in credit. But first we explore the increasing allure of private companies to UK pension funds in pursuit of higher returns. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net
Some of Britain’s biggest pension plans are ramping up their bets on private companies, with nearly half their equity exposures now made up of unlisted shares sheltered from stock market vagaries.