NEST allocates 5% to private credit; announces two fund manager hires

Holly Roach
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Fawcett: 5% is a reasonable starting point
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Fawcett: 5% is a reasonable starting point

NEST has selected two fund managers it will use to invest in private credit, enabling its members to benefit from the private markets investments.

The government-backed auto-enrolment provider - which has eight million members - will be targeting around 5% in private credit. It said the initial 12-month commitment is for around £400m to £500m...

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