Key facts
- Nest plans to invest up to £1 billion in venture capital by 2030.
- The investment strategy aims to boost returns for Nest's 14 million members.
- The plan aims to stimulate economic growth by supporting high-growth private companies.
- There is a particular focus on supporting companies in the UK.
- Nest will start with a £200 million allocation to Schroders Capital.
The UK's National Employment Savings Trust (Nest), a pension fund serving 14 million members, has announced plans to invest up to £1 billion in venture capital by the year 2030. This strategic move is designed to increase investment returns for its members and to stimulate economic growth. The venture capital investments will primarily target high-growth private companies. A specific focus will be placed on supporting businesses within the UK. The fund's venture capital program will commence with an initial allocation of £200 million directed towards Schroders Capital. This initial investment is intended to kickstart Nest's broader venture capital strategy.