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UK Coal Pension Trustees plans to increase private equity allocation to five per cent25/02/2003. Source: AltAssets. 
 UK Coal Pension Trustees services, the investment trust for the Mineworkers Pension Scheme and the British Coal Staff Superannuation Scheme, plans to commit up to five per cent of its invested assets.
The two schemes, with £24bn of assets, will commit around £100m to private equity in 2003, according to Global Money Management.
David Morgan, CEO of the Coal Pension Trustees Services, said that both venture capital and buy-out opportunities would be considered, although the main aim would be to find the best managers that deliver top quartile returns.
Coal Pensions Trustees Services currently has around 2.5 to three per cent of its assets invested.
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