UK pension funds back £200m VC fund in landmark first close
1 apr. 2026
12:59
A new VC firm launched by the British Business Bank has marked its first close at £200m – with LP investments from three heavyweight pension funds.
Here’s where the fund is looking to invest and why it matters for impact investors.
Here’s where the fund is looking to invest and why it matters for impact investors.
European pension funds invest only a minuscule amount of their money in venture – but that's slowly changing.
A new £200m fund launched by the British Business Bank has secured commitments from three UK pension funds: Aegon UK, NatWest Cushon, and M&G. For Aegon UK and Cushon, it is the first time either has invested in venture capital.