Phoenix and Schroders team up for private markets venture

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Financial Times 12h ago

Phoenix and Schroders team up for private markets venture - Financial Times

Quick Summary:

Phoenix is making an initial commitment of £1bn to the new investment manager, with a target of deploying up to £2.5bn over three years.

FGC will back companies in the UK and globally and is aiming to invest between £10bn and £20bn in private markets over the next decade.

The government’s own review of the pensions system will “explore how we can unlock even more investment in the UK economy while boosting pension pots”, she added.