Future Planet Capital is pleased to announce the launch of the British Co-Investment Fund (BCF) with a targeted first close in Q1 2025. The Fund will provide a new and innovative route for British pension savers to invest in the UK’s leading privately held, high-growth companies.
The BCF will allow pension scheme managers to allocate capital to UK venture investment across the whole of the UK, with the potential for higher long-term returns for savers. This will deliver one of the few routes for pensions investment into some of the UK’s fastest growing private businesses, aligning with government efforts to unlock pension capital for UK private markets and supporting the Mansion House Compact.
Pensions managers currently face significant barriers to venture investment in UK businesses, including fee and liquidity restrictions, and resource and time constraints. This new and effective route, developed with Mobius Life, will provide a way to overcome those challenges, via a blended feeder fund structure that will mix venture capital investment alongside liquid assets.
With a targeted £150mn launch in Q1 2025, the BCF aims to channel up to £1bn of pension investments into UK high growth, private businesses, with deal opportunities sourced via leading universities and government research centres across the UK, targeting breakthrough sectors like artificial intelligence, engineering biology, quantum computing and semiconductors, as well as climate technologies and wider impact-led areas.
The Fund is backed by an experienced advisory board chaired by Future Planet Capital’s co-founder, Lord Norman Foster of Thames Bank.
The announcement has received widespread press coverage this week with our Executive Chairman, Douglas Hansen-Luke, appearing on BBC Radio 4’s Today Programme to discuss the launch. Douglas’ article on how change is coming to our pensions has also featured in the FT Advisor and is well worth a read here.
Do not hesitate to reach out if further information about the BCF would be helpful.
