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
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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. ...

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