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UK start-ups are increasingly turning to Silicon Valley for funding as domestic pension funds remain risk-averse. Britain's capital markets face the challenge of convincing local pension funds to support start-ups, which have traditionally been wary of such investments. The trend highlights the significant presence of US pension fund money in UK tech compared to British pension fund investments. Market reforms and potential government mandates are seen as necessary to address this funding gap and boost investment in the UK economy. The story was reported by Harriet Agnew and MODwyer in the FT.
An important read - “Britain’s plan to boost investment in its economy and arrest the withdrawal of funds from domestic stocks rests meaningfully on consolidating pension funds so they look more Canadian. But would this solve the UK’s problems?” https://t.co/BriEZCPloZ
There’s more US pension fund money in UK tech than there is British pension fund money in UK tech. Unless government mandates it, that won’t change anytime soon. To be fair though, major market reforms are needed, and it’s all connected. https://t.co/ErYG4RGFAd
UK start-ups turn to Silicon Valley to fill void left by risk-averse pension funds - @HarrietAgnew @_MODwyer @FT w/ Dealroom data https://t.co/hFHf81eQjL https://t.co/ueA79rej1V