It’s Just the Beginning for Surging Secondary PE Sales
Used as an escape hatch when private equity is in the doldrums, this venue has become established enough to keep going in better days, strategists say.
Tag: Private Equity
Asset Allocation
WTW to Launch £450 million Private Equity Long Term Asset Fund
The fund will receive commitments from WTW’s LifeSight defined contribution pension master trust but requires approval from the UK's Financial Conduct Authority.
Research
How Private Equity Damages Health Care, Jobs, Pensions, Report Contends
Study ranks states on what it sees as the harm from PE-run companies. Worst one: New Mexico.
Risk
Private Capital Fundraising Tilts Toward the Big Guys
Slowdown in number of firms pulling in fresh money means more for the top 10 funds, Preqin says.
Opinion
AI Will Revolutionize Private Equity Investing
Artificial intelligence will be able to convert its efficiency advantage over human investors into markedly better returns, per a Columbia Business professor with experience in the business of AI investing.
Pensions
CalPERS Approves New Private Assets Allocation in Private Equity Push
The pension fund will increase private market assets to 40% of its portfolio, up from 33%, reducing equities and fixed income.
Asset Allocation
Private Capital Payouts Are Sub-Par, Hamilton Lane Charges
These alternative asset funds reduce distributions to investors amid high rates and recession jitters.
Pensions
Lockheed Martin Sued Over Pension Risk Transfer With Athene
The plaintiffs allege Lockheed did not choose the safest annuity provider after AT&T was sued earlier in the week for making a similar deal with Athene.
Pensions
HOOPP Returns 9.8% in 2023
The Healthcare of Ontario Pension Plan saw strong returns from public and private equities.
Alternatives
Record $3.2 Trillion in Unsold Private Equity Assets, Bain Reports
PE firms hold onto overpriced assets for longer, constraining distributions to LPs, but Bain sees a light at the end of the tunnel.
Alternatives
Slowdown in PE Exits, M&A Activity Leads to Smaller, Slower Distributions to Public Pension Funds
Some funds with significant allocations to private equity are facing a negative cash flow from PE distributions.
Pensions
Australia’s Pensions Regulator Launches Project on Unlisted Assets
The APRA is putting under review its practices for valuation of unlisted assets, including private equity, commercial real estate and infrastructure.
How to Navigate Energy Transition Risks
The amount of investment needed for this enormous task is $4 trillion yearly, but the effort is gearing up now.
Asset Allocation
NY State Pension Continues to Dial Back Its Stock Exposure
The New York State Common Retirement Fund exited more than $4.4 billion worth of public equity investments during the first 11 months of 2023, moving more into private equity and emerging managers.
Corporate Moves
AP3, Wafra Introduce Private Equity Investment Platform
Covalent will initially be capitalized with $1.05 billion to focus on investments in North America and Europe.