UK - The £4.5bn West Yorkshire Pension Fund has appointed five fund managers for its investment in private equity.
Two portfolios, worth £15m each, will be invested by Goldman Sachs Private Equity and HarbourVest Partners, while Schroder Ventures and Barclays Capital will manage £10m each. JP Morgan got £13m.
Two months ago, the fund awarded a £15m segregated private equity brief to Aberdeen Murray Johnstone Private Equity.
By moving funds out of its cash portfolio, the West Yorkshire Pension Fund will increase its private equity brief from 0.6% to 2%.
By Janet Du Chenne
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
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