Pension fund to market private-equity stakes

The National Pensions Reserve Fund (NPRF) is set to market about €600m in private-equity funds as it redirects investments to benefit the economy, three sources have said.

The pension fund has selected UBS AG to shop the portfolio, said the three people, who asked not to be identified.

The portfolio to be marketed doesn’t include stakes in Irish funds, given the pension’s current focus on domestic strategies designed to help boost the economy, said two of the people.