BT Pension Scheme invests £1 billion in private equity

BT Pension Scheme, one of the UK’s largest occupational pension schemes, has given a £1 billion mandate to private equity specialist Hermes. 

BT

The £1 billion allocation from the defined benefit (DB) pension scheme will be invested over three years.

It will be split evenly between funds and co-investments, and invested on a global basis by Hermes’ 16-strong investment team based in London, New York and Singapore.