Impact investors want pension funds to put more cash into venture. These 10 already are
23 mars 2026
06:06
Calls for pension funds to back European venture are getting louder – from VCs themselves to the Draghi report and EU politicians. But a few of them already are.
In this exclusive analysis – based on data covering hundreds of LP allocations and thousands of startup funding rounds since the beginning of 2025 – you'll find 10 pension funds that are actively investing in impact funds and startups.
In this exclusive analysis – based on data covering hundreds of LP allocations and thousands of startup funding rounds since the beginning of 2025 – you'll find 10 pension funds that are actively investing in impact funds and startups.
European pension funds manage over €3 trillion in assets. Of that, roughly 0.12% reaches venture capital. That number has become something of a recurring point lately – cited in the Draghi report and repeated by the European Commissioner for Startups Ekaterina Zaharieva.
Meanwhile, in January, climate tech venture capital firm World Fund echoed many others in the impact investing space by calling for more pension funds and insurers to back venture. If they do, it could help close what the firm's founding partner Craig Douglas called a "serious lack of capital" at the scale-up stage.