Kenyan pension funds continue to prioritize investing in government bonds, largely due to the complexities associated with alternative asset classes. Experts highlight a lack of suitable tools and frameworks to encourage private capital, particularly from pension funds, into these less straightforward investment options.

• The primary reason for pension funds' preference is the complexities of alternative asset classes.
• Mark Napier, CEO of FSD Africa, is a key figure mentioned in relation to this issue.
• There is an identified absence of appropriate tools and frameworks to promote allocation of private capital into alternative assets.