Using Pensions to fund Private Equity & Venture Capital

The recently passed Kenya finance budget 2015/16 had some changes that affect licensed retirement benefit  schemes.

The main one was to allow pension managers to invest up to 10% of retirement funds they manage into private equity and venture capital investments that are licensed by the Capital Markets Authority (CMA).

Pensions can also invest up to a maximum of 15% their funds in any asset class, bond, equity or security issued by a single issuer, but this exception does not apply to government securities.

The new rules also bring in term limits, as trustees are now limited to serve two terms of a maximum of 3 years each and are contained in legal notices 109-112 of 2015.

 

1 thought on “Using Pensions to fund Private Equity & Venture Capital

  1. anna's hummingbird anatomy

    You can study a lot about aerial dog fighting by watching hummingbirds.
    Good tattoo designs will compliment the placement you have selected for it.
    Hummingbird tattoos with vines and flowers would have been a great design.

Comments are closed.