The UK’s state-backed pension scheme has committed to invest £450mn in US private credit at a time when investors have sought to pull money from the asset class because of concerns about credit quality.
The National Employment Savings Trust (Nest), which is the UK’s largest workplace pensions scheme, plans to almost double its exposure to private markets from 18 per cent of its portfolio to 30 per cent by 2030.
It will deploy £450mn into private credit loans to US companies through specialist manager Crescent Capital, which manages $50bn in assets, as part of Nest’s aim to increase its allocation to private markets from £11bn to £30bn in the next four years.
您已阅读22%（664字），剩余78%（2315字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。