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NAPF backs private equity bid

The National Association of Pension Funds has lent its support to a British Venture Capital Association report which makes the case for “not ignoring private equity.”


The BVCA report shows pension leaders as reluctant to recognise private equity as a separate asset class, scuppering the Government&#39s vision of more pension funds investing in entrepreneurs.


Both venture capitalists and the Government have tried to turn the tide of declining investment in start-ups in an attempt to mirror US-style venture capitalist culture.


NAPF director-general Ann Robinson says the association would “encourage pension schemes trustees to discuss with their investment advisers the merits of this asset class in the context of their scheme specific strategy.”

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