Universities Superannuation Scheme

Overview

UK's largest private pension scheme, covering staff across UK higher education institutions. USS Investment Management runs approximately £26 billion in private markets directly, plus third-party fund commitments, making it a major institutional PE/VC allocator. Total scheme assets were £76.8 billion (£73.3bn defined benefit + £3.5bn defined contribution) as of 31 March 2025.

Key Facts

Type

Pension Fund

Geography focus

United Kingdom (with global diversification)