BT Pension Scheme awards $1bn private equity mandate

Horizon III mandate to be managed by Federated Hermes subsidiary

Hope William-Smith
clock • 1 min read
BTPS chief executive Morten Nilsson
Image:

BTPS chief executive Morten Nilsson

The £57bn BT Pension Scheme (BTPS) has awarded a $1bn (£803m) private equity mandate to Federated Hermes to be managed by its specialist global private equity investor subsidiary Hermes GPE.

The mandate is called Horizon III and will be invested over three years, pursuing a global thematically diversified strategy through a joint 50/50 funds and direct co-investment model established. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 10 September 2024 • 1 min read
DB surpluses remained 'positive' during August, XPS says

DB surpluses remained 'positive' during August, XPS says

Consultancy reveals DB pension surpluses remained stable during last month at £176bn

Holly Roach
clock 09 September 2024 • 1 min read
Tender Watch: LPFA selects vote monitoring service partner

Tender Watch: LPFA selects vote monitoring service partner

The £8bn LGPS fund has appointed Minerva as its vote monitoring service partner

Professional Pensions
clock 09 September 2024 • 1 min read
Trustpilot