Jane Nzau’s pension scheme began investing in private equity and venture capital around 2015, following a three-day board education workshop. The programme gave trustees a clearer understanding of the asset class, helping them move from interest to informed allocation.

By 2026, the scheme had committed to 11 private equity funds. Its first fund achieved a realised multiple of approximately 1.6–1.7×, returning the original capital in full alongside gains. The proceeds were then recycled into a second fund, while returns measured in US dollar and euro terms were described as double-digit.

The scheme’s experience also helped encourage several other Kenyan pension schemes to enter the asset class. Jane’s story demonstrates how focused trustee education can build confidence, support responsible decision-making and unlock more pension capital for long-term investment in Kenya’s economy.