BT Pension Scheme awards $1bn private equity mandate

Horizon III mandate to be managed by Federated Hermes subsidiary

Hope William-Smith
clock • 1 min read
BTPS chief executive Morten Nilsson
Image:

BTPS chief executive Morten Nilsson

The £57bn BT Pension Scheme (BTPS) has awarded a $1bn (£803m) private equity mandate to Federated Hermes to be managed by its specialist global private equity investor subsidiary Hermes GPE.

The mandate is called Horizon III and will be invested over three years, pursuing a global thematically diversified strategy through a joint 50/50 funds and direct co-investment model established. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Hope William-Smith
Author spotlight

Hope William-Smith

Editor at Professional Adviser

View profile
More from Hope William-Smith

Chair of The Pensions Ombudsman Caroline Rookes dies

DC pension holders now waiting an average of 29 days for transfers

More on Defined Benefit

Tender Watch: Access LGPS pool reappoints Waystone as operator
Defined Benefit

Tender Watch: Access LGPS pool reappoints Waystone as operator

£52bn LGPS pool reappoints Waystone as operator

Professional Pensions
Professional Pensions
clock 26 March 2025 • 1 min read
DB surplus extraction is an appealing concept to most, PLSA survey finds
Defined Benefit

DB surplus extraction is an appealing concept to most, PLSA survey finds

Changes to governing rules driving reconsideration of endgame plans

Holly Roach
Holly Roach
clock 20 March 2025 • 2 min read
Mortality rates return to similar levels to pre-pandemic, analysis shows
Defined Benefit

Mortality rates return to similar levels to pre-pandemic, analysis shows

Aon has analysed mortality trends over the last five years, with 2024 reaching similar levels to 2019

Jasmine Urquhart
Jasmine Urquhart
clock 20 March 2025 • 2 min read
Trustpilot