UK Private Markets Investment Initiative
Programme
Industry
A collaborative industry initiative was established to create an innovative private markets investment vehicle aimed at improving long-term returns for UK pension holders and investors. The programme focused on combining complementary investment capabilities through a joint venture structure to enable sustained investment into private market assets.

Programme Outcomes Delivered
• Target operating model design and review
• Communication strategy and market announcement plan
• Stakeholder alignment on investment product structure and fee model
• Regulatory business plan and risk management framework
• Full alternative investment fund manager regulatory application
• Fund deployment timeline and investment schedule
Customer Value Delivered
• Established a joint venture operating model to support long-term private markets investment
• Enabled the creation of an innovative private markets investment solution aligned to retirement outcomes
• Delivered programme milestones to plan, including efficiencies within regulatory authorisation activity
• Developed comprehensive financial models covering profitability, balance sheet, cash flow and stress scenarios
• Agreed asset deployment commitments and fee structures aligned to improved consumer outcomes
• Defined organisation design and associated strategy for inception



