Leaders Shaping Institutional Investment
Leaders Shaping Institutional Investment
Leaders Shaping Institutional Investment
Through conversations with pension fund leaders, trustees, regulators, and investment experts, we explore how long-term investment in private equity and venture capital can enhance portfolio resilience while contributing to stronger businesses, better jobs, deeper capital markets, and more sustainable pension systems.
Through conversations with pension fund leaders, trustees, regulators, and investment experts, we explore how long-term investment in private equity and venture capital can enhance portfolio resilience while contributing to stronger businesses, better jobs, deeper capital markets, and more sustainable pension systems.
Through conversations with pension fund leaders, trustees, regulators, and investment experts, we explore how long-term investment in private equity and venture capital can enhance portfolio resilience while contributing to stronger businesses, better jobs, deeper capital markets, and more sustainable pension systems.
Insights from industry leaders helping shape the future of pension capital in East Africa
Across approximately 1,400 registered pension schemes, allocation to alternative investments remains below 2%
Despite RBA allowing up to 10% allocation to alternatives.
These are the conversations with trustees and fund leaders shaping where Kenya's KES 2.81 trillion in retirement savings goes next
Across approximately 1,400 registered pension schemes, allocation to alternative investments remains below 2% of the industry.
The rules allow up to 10% in alternatives. The Kenyan industry sits at roughly 2% allocation.
Conversations with the trustees and fund leaders shaping where Kenya's KES 2.81 trillion in retirement savings goes next
Three questions the series examines

Going
Zero to One
If you’ve navigating a new business unit,
or a new venture entirely, or breaking into
a new market

Scaling from
One to N
If you've achieved Product/ Service Market
Fit, and are looking to scale your business
to new heights

Need Quick
Solutions
If you know exactly what you want and
need a team that can step in and quickly
help you with it
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Three questions the series examines

Going
Zero to One
If you’ve navigating a new business unit,
or a new venture entirely, or breaking into
a new market

Scaling from
One to N
If you've achieved Product/ Service Market
Fit, and are looking to scale your business
to new heights

Need Quick
Solutions
If you know exactly what you want and
need a team that can step in and quickly
help you with it
Concentration and Yield
52.18% of Kenya's KES 2.81 trillion in pension assets sits in government securities. As the yields that justified that concentration decline from their 2023 peak. Trustees across the series weigh what that shift means for member returns.
Precedent Next Door
NSSF Uganda has deployed pension capital directly into SMEs through its Hi-Innovator programme — and reports 3,000 new contributing members as a result. Alex Wamanyika explains how it was structured, and what a planned $50M fund-of-funds comes next.
Permission and Practice
RBA regulations permit schemes to allocate up to 10% of assets to private equity and 5% to venture capital. Industry allocation to alternatives remains under 2%. The interviews examine what accounts for the difference.
Concentration and Yield
52.18% of Kenya's KES 2.81 trillion in pension assets sits in government securities. As the yields that justified that concentration decline from their 2023 peak. Trustees across the series weigh what that shift means for member returns.
Precedent Next Door
NSSF Uganda has deployed pension capital directly into SMEs through its Hi-Innovator programme — and reports 3,000 new contributing members as a result. Alex Wamanyika explains how it was structured, and what a planned $50M fund-of-funds comes next.
Permission and Practice
RBA regulations permit schemes to allocate up to 10% of assets to private equity and 5% to venture capital. Industry allocation to alternatives remains under 2%. The interviews examine what accounts for the difference.
Concentration Risk
Overconcentration in traditional asset classes leaves many pension portfolios insufficiently diversified, increasing systemic risk exposure while limiting opportunities to enhance long-term risk-adjusted returns.

Concentration Risk
Overconcentration in traditional asset classes leaves many pension portfolios insufficiently diversified, increasing systemic risk exposure while limiting opportunities to enhance long-term risk-adjusted returns.

Concentration Risk
Overconcentration in traditional asset classes leaves many pension portfolios insufficiently diversified, increasing systemic risk exposure while limiting opportunities to enhance long-term risk-adjusted returns.

Alternative Investments
Alternative investments are not an end in themselves; they must complement a pension fund's broader portfolio strategy by aligning with fiduciary obligations, governance standards, liquidity requirements, and long-term objectives to deliver sustainable, risk-adjusted returns.

Alternative Investments
Alternative investments are not an end in themselves; they must complement a pension fund's broader portfolio strategy by aligning with fiduciary obligations, governance standards, liquidity requirements, and long-term objectives to deliver sustainable, risk-adjusted returns.

Alternative Investments
Alternative investments are not an end in themselves; they must complement a pension fund's broader portfolio strategy by aligning with fiduciary obligations, governance standards, liquidity requirements, and long-term objectives to deliver sustainable, risk-adjusted returns.

Capacity Building
Adoption begins with education. Trustees, administrators, and investment committees require the knowledge and frameworks to assess alternative investments responsibly.

Capacity Building
Adoption begins with education. Trustees, administrators, and investment committees require the knowledge and frameworks to assess alternative investments responsibly.

Capacity Building
Adoption begins with education. Trustees, administrators, and investment committees require the knowledge and frameworks to assess alternative investments responsibly.

Institutional Trust
Alternative investments must align with fiduciary responsibilities, governance standards, liquidity considerations, and long-term pension objectives.

Institutional Trust
Alternative investments must align with fiduciary responsibilities, governance standards, liquidity considerations, and long-term pension objectives.

Institutional Trust
Alternative investments must align with fiduciary responsibilities, governance standards, liquidity considerations, and long-term pension objectives.

Beyond Returns
When invested productively, pension capital can serve as both a source of long-term returns and a catalyst for economic development. By supporting growing businesses, creating jobs, and strengthening domestic capital markets, pension funds contribute to more resilient economies that, in turn, expand formal employment, increase pension contributions, and improve the long-term sustainability of retirement systems

Beyond Returns
When invested productively, pension capital can serve as both a source of long-term returns and a catalyst for economic development. By supporting growing businesses, creating jobs, and strengthening domestic capital markets, pension funds contribute to more resilient economies that, in turn, expand formal employment, increase pension contributions, and improve the long-term sustainability of retirement systems

Beyond Returns
When invested productively, pension capital can serve as both a source of long-term returns and a catalyst for economic development. By supporting growing businesses, creating jobs, and strengthening domestic capital markets, pension funds contribute to more resilient economies that, in turn, expand formal employment, increase pension contributions, and improve the long-term sustainability of retirement systems




