Pension schemes triple PE, venture funds investment

RBA acting CEO Nzomo Mutuku. FILE PHOTO | NMG

Retirement schemes’ investment in Private Equity (PE) and venture capital firms surged three times in six months to hit Sh1 billion last December.

Retirement Benefits Authority (RBA) says the cash invested by pension fund managers and trustees rose from Sh250 million in June 2017 and Sh220 million in December 2016.

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