Compact launched on “high-growth investment”

Twenty venture capital and equity growth firms have agreed a Venture Capital Investment Compact committed to “develop[ing] a long-term and constructive working relationship with UK pension investors.”

Over the next 12 months to October 2024, the signatories to the compact intend to build on the Mansion House proposals where certain pension providers agreed voluntarily to invest 5 per cent of DC scheme default fund assets in private equity and UK start-ups by 2030.