TSSP to invest £500m in Clara-Pensions

TPG Sixth Street Partners (TSSP) plans to invest £500m in DB pension consolidator Clara-Pensions and become its provider of long-term capital.

TSSP has committed an initial £225m, which is expected to increase to £500m as Clara-Pensions "grows to scale".

Following this investment, Clara-Pensions is ready to accept its first pension scheme members, subject to applicable regulatory approvals.

Strong, patient capital is “key” to its model for “securing members pensions”, according to Clara-Pensions CEO, Adam Saron.

He continued: “Finding the right partner to provide this has been a careful, crucial journey and TSSP fulfils exactly the criteria we have been looking for. Its track record and commitment to long-term capital investments chime perfectly with Clara’s aims.”

The superfund’s ambition is to consolidate at least £5bn of pension liabilities over the next five years.

It aims to act as a bridge for members from their current company sponsor to the insured market.

Saron concluded: “Today is another significant milestone for Clara and our future members. We now look forward to welcoming our first pension members and beginning their journeys to a safer, insured future.”

    Share Story:

Recent Stories


A changing DC market
In our latest Pensions Age video interview, Aon DC senior partner and head of DC consulting, Ben Roe, speaks to Laura Blows about the latest changes and challenges within the DC sector

Being retirement ready
Gavin Lewis, Head of UK and Ireland Institutional at BlackRock, talks to Francesca Fabrizi about the BlackRock 2024 UK Read on Retirement report, 'Ready or not. How are we feeling about retirement?’

Podcast: A look at asset-backed securities
Royal London Asset Management head of ABS, Jeremy Deacon, chats about asset-backed securities (ABS) in our latest Pensions Age podcast
The role of CDC
In the latest Pensions Age podcast, Laura Blows speaks to TPT Retirement Solutions Chief Client Strategy Officer, Andy O’Regan, about the role of collective DC (CDC) within the UK pensions space

Advertisement Advertisement Advertisement