The Pension Superfund, founded by industry veteran Edi Truell, and Clara Pensions, whose chief executive is former hedge fund manager Adam Saron, both have deals under review by the Pensions Regulator, the firms said, without naming the company schemes.
The Pension Superfund told Reuters it expected a 10 million pound “seed” deal to launch in the next few weeks.
“The first deal is absolutely tiny, it ticks all of the boxes,” Truell said. “Everybody is trying to make sure we set the right precedent.”
He added that the superfund had drawn interest from pension schemes collectively managing 60 billion pounds.