By Shaun Brown
Staff writer

OXFORD - Britain's £800 billion ($1.2 trillion) pension fund industry is poised to take a closer look at U.K. private equity opportunities. The National Association of Pension Funds (NAPF) last week announced it was establishing a working party with the British Venture Capital Association (BVCA) to review the regulatory issues and make recommendations on private equity investment in the small business sector. The initiative is seen as a pre-emptive strike against the government's inquiry into why British institutions are not big backers of U.K. entrepreneurs, which is expected to be launched this week.