Investors

NYC’s pension system is preparing to deploy $7bn-$8bn into private equity, a signal that despite setbacks and what many LPs consider underperformance of late, a top investor is fully on board with the asset class.

The institution’s $133bn investment management unit has appointed a former head of alternatives from Singapore’s NTUC Income to the newly created role.

Asset managers wanting to raise more capital from insurers in Asia need to raise their game, say insurance executives, as the region presents particular hurdles.

The Mansion House Compact was an attempt to address a pressing issue and has encouraged a more proactive stance to private markets – but there are challenges.

The industry wants to invest in foreign private debt, and given its $4trn-odd in assets, even a small allocation would be a very big deal. Sun Life’s Ben Deng, former CIO of two of China’s biggest insurers, discusses the landscape.

Marks spoke to the board in January, following the firm’s decision in March 2024 to increase its private credit allocation from 5% to 8%.

Phoenix Group has signed up to the UK’s Mansion House Compact and launched an investment initiative with Schroders. The firm’s chief credit officer Michela Bariletti discusses UK pensions’ performance deficit and the role of private assets in addressing it.

Liquidity management is ‘more complex than it seems’ for products targeting the wealth channel, according to the firm’s global head of private wealth solutions.

The sovereign wealth fund is racing toward its allocation target, with about $2bn annual commitments to private credit, building out its asset-based lending exposure.

With scale becoming an ever more important feature of the private debt market, placement agents are faced with a challenging set of circumstances.