Fundraising by firms targeting emerging markets is accelerating, says trade body EMPEA, which predicts the total will reach $40bn by year end, almost double the $23.5bn raised in the whole of 2010.
3 min read · 15 January 2013
Richard Slocum, a highly-regarded LP who helped craft the ILPA Private Equity Principles, will join the family office of the Johnson Family as CIO.
2 min read · 15 January 2013
Six months after determining it would commit up to $1.2 billion of equity commitments to real estate value-added and opportunity funds, Korea’s largest institutional investor has made four commitments to managers deploying strategies in North and South America.
2 min read · 15 January 2013
Six months after determining it would commit up to $1.2 billion of equity commitments to real estate value-added and opportunity funds, Korea’s largest institutional investor has made four commitments to managers deploying strategies in North and South America.
2 min read · 15 January 2013
A law passed in June would allow the $65bn pension system to raise its allocation to private equity, to the chagrin of some lawmakers who don’t like the asset class.
2 min read · 15 January 2013
More limited partners want to form ‘strategic relationships’ that are long-term and involve exposure to multiple strategies, co-founder Steve Schwarzman said during an earnings call this week.
3 min read · 15 January 2013
The largest US pension fund revealed yesterday that its opportunistic investments were largely at fault for its real estate portfolio underperforming its blended benchmark by 10 percent. CalPERS nonetheless produced its first positive annual return since 2007.
2 min read · 15 January 2013
The $6.5bn pension fund’s $500m commitment to AlpInvest is the fund of fund’s first since being acquired by The Carlyle Group in January.
2 min read · 15 January 2013
The $154bn pension system has presented a 2011-2012 business plan that includes a target of $300m to $600m for new infrastructure investments. The plan also recommends that CalSTRS hire an additional investment officer for the infrastructure team.
4 min read · 15 January 2013
The $154bn pension system will review a private equity business plan next week that shows a focus on reducing costs by creating separate accounts and expanding the co-investment programme.
3 min read · 15 January 2013
