Tech.euCate Lawrence
From pensions to quantum: UK retirement savings back Britain's deeptech ambitions
Scottish Widows, Aberdeen Investments and IP Group today announced their first investments to connect workplace pension savings with high-growth, innovative UK science and technology companies via the CG Scottish Widows Growth LTAF (the ‘Fund’).
The Fund is amongst the first UK pension schemes to actively allocate members’ capital to UK venture growth by connecting patient institutional capital with high-potential British businesses.
The Fund’s initial investments:
Together, these investments show how pension capital can help category-defining UK companies move from scientific leadership to commercial scale.
Aberdeen Investments, which manages the growth sub-fund for Scottish Widows, has appointed IP Group to manage a UK Venture growth portfolio within the fund, helping bring private markets exposure to workplace pension savers.
It…
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