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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

FTSE 350 DB aggregate surplus sees narrow growth in March

FTSE 350 DB aggregate surplus sees narrow growth in March

Mercer analysis finds surplus grew by £7bn and aggregate funding levels rose to 111%

Martin Richmond
clock 17 April 2024 • 2 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 17 April 2024 • 1 min read
What next for public sector pensions?

What next for public sector pensions?

Kirsty McLean says there is both much to celebrate and much to do within public sector schemes

Kirsty McLean
clock 16 April 2024 • 3 min read
Trustpilot