Institution: National Employment Savings Trust
Headquarters: London, United Kingdom
Allocation to alternatives: 10.70%
National Employment Savings Trust has launched a request for proposal inviting fund managers to tender for unlisted or infrastructure equity funds. This will be Nest’s first foray into the asset class.
The workplace pension group has issued a 17 February 2020 deadline for managers to submit pitches. This RFP follows on from Nest’s creation of a private debt mandate in Q4 2019, with private markets clearly high on the agenda for 2020.
A spokesman for Nest told Infrastructure Investor that the pension has identified global, UK-focused and renewables-based strategies as three infrastructure streams it is aiming to invest in.
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