Nine of Britain’s biggest pension funds signed up, committing to allocate at least 5% of their assets into British startups and VC firms by 2030. This could unlock up to £50bn in assets from private defined contribution (DC) pension schemes by 2030.
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20 UK VC firms commit to plan to direct pension funds cash to startups
“The VC Investment Compact is an important signal of their commitment to working collaboratively with pension funds, government and the UK’s innovative industries to overcome the remaining barriers that will unlock up to £50bn of new investment.”
