Prime Highlights-
- Mansion House Accord pension providers hold £11.1 billion in UK private markets, a third of the way to 2030 goal.
- Property leads UK private market investment with £8 billion, while infrastructure, private debt and private equity trail in early stages.
Key Facts-
- The 17 signatories hold £22.1 billion in private markets worldwide, equal to 6.6 percent of assets.
- Signatories have signed deals for a further £3 billion in UK private markets awaiting deployment.
Background-
Pension providers that signed the Mansion House Accord held £11.1 billion in UK private markets at the end of 2025, putting them about a third of the way toward their 2030 UK goal, a first progress report shows.
The Association of British Insurers (ABI) and Pensions UK tracked the 17 signatories jointly. They held £22.1 billion of defined contribution (DC) growth-phase assets in private markets worldwide as of December 31, 2025, equal to 6.6 percent, with 3.3 percent in the UK.
The voluntary Accord, coordinated by the ABI, Pensions UK and the City of London Corporation, targets 10 percent of DC default fund assets in private markets by 2030, including 5 percent in the UK.
Property drew most of the UK money. Property and real estate, including social and affordable housing, took £8 billion, while infrastructure received £1.3 billion, private debt and credit £0.9 billion, and private equity £0.5 billion. Signatories have also signed deals for a further £3 billion in UK private markets.
Signatories to the earlier 2023 Mansion House Compact lifted unlisted equity in DC default funds from £1.6 billion to £2.7 billion in ten months, raising the allocation from 0.6 percent to 0.85 percent.
Signatories said a steady supply of suitable UK investments would help most. Yvonne Braun, director at the ABI, said a strong pipeline and a focus on long-term value will sustain momentum. Zoe Alexander, chief policy officer at Pensions UK, said the new value for money framework should speed investment.