LPs
Californian pension fund seeks adviser to build PE exposure
Adviser will work on the development of StanCera's diversified private markets portfolio
In Profile: Aberdeen Standard Investments
The LP's global head of private equity speaks to Unquote about new projects, co-investment, secondaries and first time funds
PKA reorganises alternatives arm, invites third-party capital
PKA AIP has so far acted exclusively as an adviser to PKA's own pension schemes
Federated Investors buys Hermes from BT Pension Scheme
Vendor BT Pension Scheme will retain a 29.5% stake in the manager after the deal
Norway’s government steers sovereign wealth fund away from PE
Investing in unlisted assets poses challenges to cost effectiveness and transparency, ministry says
Japanese insurance companies eye DACH funds
Insurance companies in Japan are considering increasing their exposure to European funds, with DACH GPs most likely to benefit
Ontario Teachers' chief investment officer Graven Larsen resigns
Graven Larsen joined Ontario Teachers' in February 2016 and led the fund's global investment programme
US pension fund seeks manager for $120m mandate
City of Fresno Retirement Systems, a $3bn pension fund, will invest $120m over three to four years
Nystrs searching for PE consultant
$115bn public pension fund has active private equity commitments of $19.5bn with 92 sponsors
CalSTRS seeks PE fee consultant
Consultant will be required to validate investment management fees, expenses and carried interest
Impact agenda: Attracting institutional capital
Global PE firms are launching impact funds tailored to appeal to institutional investors
European LPs hungry for more co-investment, secondaries
Demand for primary deployment was also positive, with 37% of European LPs expecting to do more
Essling Capital launches Essling Expansion fund
French GP's third fund, with a target of more than €200m, focuses on majority acquisitions
John Holloway moves onto new role at EIF
Holloway will look after a new initiative involving fundraising from the private sector
Korea Post allocates $200m for co-investment strategy
LP is looking for two fund managers, with a total maximum commitment of $200m
LP direct investment: straight to the source
Limited partners are striking out on their own to source their investments directly, with numeorus new strategies emerging
Idinvest hires Cavalin as legal director
Cavalin will be involved in structuring and raising investment vehicles, as well as all legal concerns
BNP Paribas launches venture fund
BNP Paribas Capital Partners' vehicle targets financial services and insurance startups
Pantheon aims for FTSE 250 as NAV per share rises
Pantheon also announces a share restructuring and the issue of a £200m asset-linked note
Draper Esprit invests in five seed funds
Managers include Berlin-based Join Capital and Helsinki-based Icebreaker
AP7 in negotiations for fourth account manager
Procurement for final account manager is ongoing, with an announcement now depending on lawyers
LP consortium announces $1.5bn seed platform
Venture is advised by Wafra and expects to deploy $1.5bn over the next five years
Pantheon appoints two new principals in Europe and US
Justin Mallis will join in London and Michael Hutten will join the US team in Raleigh, North Carolina
BVI launches new LP law
BVI Finance outlines four key areas in which the new law will benefit investment funds
