Worries over volatile geopolitics, including the tension surrounding North Korea, are making LPs act cautiously.
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CalPERS PE returns miss benchmark; infra, RE outperform
The chief investment officer for the US’s largest pension fund emphasised long-term performance over short-term results on a media call with reporters.
Private markets delivers 10% year-to-date at PSERS
The $53bn US pension posted a first-quarter return of 2.51% for an allocation covering private debt, private equity and venture capital.
PCA to lose real assets exec
Dillon Lorda’s departure is part of a series of recent personnel changes at the investment consulting firm.
Australia’s Future Fund to trim return target by 0.5%
The revised investment mandate follows a federal decision to delay withdrawals from the fund for at least 10 years.
APFC targeting $750m for timber, other private income in FY2018
The private income allocation category has already surpassed the $700m target the limited partner set for fiscal year 2017.
Nasdaq launches PE fund exchange
Nasdaq Private Market has launched a platform to let HNWIs trade stakes in private equity feeder funds.
PE fundraising continued uptick in 2016
The 10 largest fund closes last year raised $92bn, surpassing the $86bn in 2015 and showing the asset class continues to attract capital in a low-growth environment.
Manulife buys stake in $1.3bn Kiwi timberland company
The Canadian insurer has acquired the only timberland asset held by infrastructure fund manager Palisade.
First Avenue hires CFO
Caroline Weir, a former partner and financial controller at NewSmith Asset Management, has joined the placement agent in London.