UK Private Markets Investment Initiative

Programme
Joint Venture Target Operating Model
Industry
Financial Services

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