Explains M&G investment strategy and can see why they bought in here4 Dec 2024 07:22
Explains M&G investment strategy and can see why they bought in here
Can Pension Funds Fuel The Growth Of UK Life Sciences?
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Last week, ahead of the Mansion House speech, 5654 & Company hosted a networking breakfast with Citi Peel Hunt , LSEG (London Stock Exchange Group) and Covington & Burling LLP . The event brought together life sciences companies and investors for a keynote address, panel discussions, and a fireside chat on the potential impact of pension funds channelling their capital into growth opportunities, specifically to support the UK’s life sciences industry.
Investors such as Legal & General , Phoenix Group , Schroders Capital , M&G plc and Aviva Investors are well-positioned to lead this shift. He also discussed the untapped potential of the £400 billion in Local Government Pension Schemes (LGPS). The next day we heard the Chancellor’s intentions to consolidate LGPS into eight ‘MegaFunds’.
On the second panel, discussion centred around building critical mass in the UK life sciences market that will create competition and attract public market investors back to the sector. While Nasdaq dominates biotech listings, and will likely do so for some time, the UK’s strengths in medical devices, healthtech, tools, services and manufacturing should not be undersold and there is a route to the public markets for these. M&G's track record of success supporting the growth of UK life sciences companies through patient investment was also highlighted. This includes world leaders in their fields including Oxford Nanopore Technologies and Oxford Biomedica , and more recently it has invested into 4basebio and Ondine Biomedical Inc.
To attract investment, life sciences companies must present clear narratives and compelling equity stories. Transparent pension products focusing on tech and life sciences could shift investor perspectives from early-stage losses to long-term growth. By fostering collaboration between venture capital, pension funds, and institutions like the BBB, the UK can solidify its position as a global leader in life sciences innovation and compete effectively in the global market.