Phoenix Group, the UK’s largest long-term savings and retirement business, has acquired a minority equity stake in Antler, the most active venture capital investor globally, on behalf of its With-Profits Funds. The investment will allow Phoenix to invest alongside Antler on behalf of its With-Profits customers, enabling direct access to the investment potential of the early-stage market.
"We believe investment in diversified venture capital portfolios is crucial to enabling long-term savers to unlock diversified portfolio returns. Antler is a differentiated example of this asset type, and this investment will give our policyholders’ funds exposure to some of the most exciting start-ups in the UK and globally."