Pensions
Nest Awards Crescent Capital $605M Direct Lending Mandate
The investment is part of the pension plan’s aim to allocate 30% of its portfolio to private markets by 2030.
Tag: National Employment Savings Trust (NEST)
Manager Selection
Nest Seeks Manager for $350M Ethical Equity Mandate
The UK’s National Employment Savings Trust Ethical Fund seeks to prioritize ethical and moral concerns.
Alternatives
IFM Investors, Nest Complete First UK Investments
The allocations come from a Nest-seeded global infrastructure debt fund that IFM is managing.
Manager Selection
Nest Commits $750M to Timberland Fund
The U.K.’s largest workplace pension will gain exposure to the asset class through BTG Pactual TIG.
Pensions
Nest to Acquire 10% Stake in IFM Investors in Alts Buildout
The U.K. pension scheme aims to invest $6.24 billion through IFM by 2030.
Pensions
With Assets at $11.2B, UK’s Nest to Make Domestic Investments More Transparent
The defined contribution pension plan expects to have more than $26 billion invested in the U.K. by 2030.
Manager Selection
Nest to Replace State Street with Northern Trust as Its Administrator
The UK pension program lauds its new investment firm’s ‘flexibility’ and ‘sophistication.’
Regulation
Allocators Condemn UK Regulator’s Plan to Limit Investor Approvals
As it stands, shareholders must assent to M&A or related-party deals. But the FCA wants to ease listing requirements to stem companies decamping to New York exchanges.
Manager Selection
New Nest CIO Elizabeth Fernando Plans Steady-as-We-Go Strategy
Move into alts, doubts about emerging markets, and criticism of Shell highlight the pension program’s direction.
Research
U.K. Nest Pension Auto Enrollment Remains ‘Robust’
Despite turbulent year, auto-enrollment continues to thrive, with opt outs lower than expected.
Manager Selection
Nest Commits $350 Million to Octopus Renewables for Green Infrastructure
‘We want to invest in the energy of the future, not the past,’ says CIO Mark Fawcett.
UK Asset Owners and Managers to Form Sustainability Alliance
Nest and others are discussing how to embed environmental and other worthy goals into manager disclosures and selection.
Pensions
Nest to Reduce Carbon in its Growing Emerging Market Strategy
The UK-based pension fund will drill down on renewable energy in the strategy, which will roughly double next year.
Asset Management Culture
New York State Pension Fund Aims to Be Carbon Net Zero by 2040
The $226 billion Common Retirement Fund joins other institutional investors in following the Paris Agreement’s targets.