Will Asia gain from UK pensions' $64bn PE investment plans?

A newly announced plan by UK pension funds to unlock up to £50 billion ($64 billion) of new allocations to global private equity markets has a fairly good chance of benefitting Asia, experts have said. UK chancellor Jeremy Hunt in July announced a ‘compact’ with nine of the UK’s largest pension funds, who pledged to place at least 5% of their defined contribution client assets into global unlisted equities, by 2030. The increase from the current allocation of 0.5% is predicted t…