News/LPs
Marlborough pension awards FoF mandate
Unquote has learned that the $172m pension fund has split the mandate evenly between two firms
Hydralis appoints JP Morgan for alternatives
Pension fund is seeking a target net return of 4.5-7% per year from the mandate
US pension fund backs new Inflexion Enterprise fund
IMRF has invested 4.7% of its portfolio to alternatives, versus a target allocation of 7%
DeA Capital launches new alternatives fund
Italian manager launches vehicle that will target private equity, private debt and infrastructure
Italian pension funds launch PE programme
Joint venture under the name Progetto Iride compromises five Italian pension funds
Ohio pension invests $40m in PE funds
US pension has targeted $80m for new private markets commitments through the rest of 2019
New Hampshire Uni to triple PE exposure
University would need to make new commitments of $18m per year to match its target allocation
TRS backs Astorg fund
TRS has invested 12.5% of its portfolio to private equity, versus a target of 15%
Calpers set to restructure its PE programme
Review of Pillar III and IV seeks scaling private equity exposure and a more cost-effective model
MUFG expands PE and Real Assets team
MUFG hires Citco Group's Andrew Stewart to drive the growth of the asset classes in EMEA
Connecticut to increase PE exposure in Europe
Proposal was outlined by the plan's alternative investment consultant Stepstone
Border to Coast outlines strategy for PE
BCPP targets global exposure in private equity across North America, Europe and Asia
Advent International set to secure US LP commitments
Advent International GPE IX has a target between $15-17bn and plans to hold a final close in mid-2019
Michigan pension fund targets lower-mid-market PE commitments
Focus of the PE division to tilt slightly toward the mid- and lower-mid-markets
Connection Capital appoints new head of funds
Robertson's appointment comes as private investor appetite for specialist alternative asset funds grows
Nordea launches impact fund in partnership with Ståhlberg
Fund invests in companies that contribute to achieving the UN Sustainable Development Goals
EC reduces charges for insurers in PE
Insurance companies accounted for just 8% of European private equity fundraising in 2017
Calpers seeks investment consultants
New contract is expected to start in July 2020, and would be three years long
Japanese pension fund seeks to increase PE exposure
¥150tn ($1.5tn) fund can invest up to 5% of its assets in alternatives, including private equity
AP1 to commit $500m to PE in 2019
Of the $500m, approximately 30% will be invested in Europe, 60% in the US, and 10% in emerging markets
PE leads performance table for Finnish state pension fund
Private equity funds delivered the best returns for VER compared with other investments in 2018
Private equity boosts returns for PensionDanmark
Private equity was the third best performing asset class, after infrastructure and real estate
PGB mandates Aberdeen Standard with €500m
Partnership would be structured as a fund-of-one, with ASI co-investing in each fund
Stonehage Fleming expands private capital team
Meiping Yap joins as director and James Jefferson as senior associate
