PIC raises £750m to fund pipeline of risk transfer deals
Pension Insurance Corporation (PIC) has raised £750m of new capital from its shareholders to fund a pipeline of new pension risk transfer deals expected to complete in 2020.
Luxembourg-based investment fund Reinet led the capital raising, buying a £437.8m stake. It now holds 46.4% of shares in PIC Group, having first invested in 2012. The Abu Dhabi Investment Authority...
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