Dutch pension fund to invest E100m in PE

Pensioenfonds Horeca & Catering, a €2bn Dutch pension fund for the hotel and catering industry, has mandated Goldman Sachs Private Equity Group and HarbourVest Partners to invest €50m each into private equity in 2006. This move follows on from the €100m AlpInvest was mandated to invest by the pension fund in January 2004.

All companies and employees in the Dutch hotel, restaurant and catering industry are forced by law to participate in Pensioenfonds Horeca & Catering.