PitchBook：2025年为私人市场解锁英国养老金资本报告（英文版）

• UK pension capital is being mobilised into private markets: A wave of reforms, anchored by the 2023 Mansion House Compact and 2025 Accord, aims to shift 10% of DC assets into private markets by 2030, unlocking £50 billion-£74 billion in new capital. Crucially, half of this is targeted at UK companies, thus aligning savers’ long-term interests with UK national economic growth. • Public markets are clogging up, reinforcing the private pivot: Over the last five years, the quantity of PE- and V