Cash for honours' link fails to deter fund investment

摘要

Two local government pension funds -covering staff in south and west Yorkshire - have made sizable investments in a new private equity vehicle run by Chai Patel, one of the businessman at the centre of Westminster's 2005 'cash for honours' affair.The South Yorkshire Pension Authority and the West Yorkshire Pension Fund have targeted retirement cash at Dr Patel's Elysian fund, the biggest UK buy-out private equity vehicle launched since the recession began.