London CIV Backs Scheme to Put Pension Cash Into Startups

London CIV to back UK venture capital investment vehicle

The LGPS pool has an in principle view to invest in the British Growth Partnership’s initial fund when launched

London CIV backs British Growth Partnership - portfolio institutional

London CIV, the investment pool for the London Local Government Pension Scheme (LGPS), has become the first LGPS pool to announce its intention to work with the British Business Bank on the launch of the British Growth Partnership. This commitment has been made with a view to invest in the initial fund when launched, subject to commercial negotiations, due diligence, and agreement from client funds. This is in part because the London pool is loo…

London CIV backs scheme to put pension cash into startups

London Collective Investment Vehicle (CIV) has become the first local government pension scheme pool to back a new initiative aimed at increasing funding for early-stage startups. London CIV, which manages the local government pensions for the 32 boroughs of London and the City, has agreed to work with the British Business Bank on the launch of the British Growth Partnership, with a view to making an investment in the initial fund when launched.…