Performance
Public, private equities drive strong returns for California pension funds
America’s two largest public pension funds each reported annual returns in excess of 18% largely driven by soaring domestic and international public equities, although private equity was the second-best performing asset class. `
Temasek ups investment pace, boosts unlisted exposure
Temasek Holdings’ exposure to unlisted assets reached a record high as the state-controlled Singaporean fund made S$24 billion ($19.3 billion) in new investments for the year ended March 2014, the most in six years.
Emerging markets fail to meet LP expectations – research
Emerging markets GPs have fallen substantially short of LP expectations, with top quartile funds achieving the desired 16% IRR in just two out of nine years between 2000 and 2011, according to new research.
Canada’s CPPIB doubles Asia private equity exposure
Canada Pension Plan Investment Board’s (CPPIB) exposure to Asian private equity more than doubled to $5.2 billion for the year ended March 2014, as total assets under management jumped to a record high of C$219.1 billion.
Australia's PE-backed IPOs outperform wider market - study
Private equity-backed IPOs in Australia have out-performed comparable non PE-backed listings over both short- and long-term horizons, according to a new study.
OTPP private capital unit delivers 27% return for 2013
Teachers’ Private Capital (TPC), the PE and direct investment arm of Ontario Teachers’ Pension Plan (OTPP), earned a record C$3.1 billion ($2.8 billion) in 2013, delivering a one-year return of 26.9%, although both measures fell short of their benchmark...
ESG: Nice guys finish last?
Responsible investment has is now a priority for many institutional LPs. GPs might recognize the importance of environmental, social and governance principles in this context, but acting on them can be challenging
LPs expect Asia to underperform North American, European buyouts – Coller Barometer
Global institutional investors expect returns from Asia-focused GPs to trail those of their North American and European counterparts over the next 3-5 years, according to the latest edition of Coller Capital’s Global Private Equity Barometer.
Baring Asia named Firm of the Year at AVCJ India Awards
Baring Private Equity Asia was named Firm of the Year at the 2013 AVCJ India Awards, while SAIF India’s Ravi Adusumalli won the Private Equity Professional of the Year honor and KKR took the PE Deal of the Year prize.
Voting opens for the AVCJ India Awards
Voting has opened for the 2013 AVCJ Indian Private Equity & Venture Capital Awards. The region’s private equity community has until November 22 to pay tribute to the leading fundraising, investments, exits, individuals and firms of the past 12 months.
KKR Scoops three prizes at AVCJ Awards
KKR was named Firm of the Year and also took the prizes for fundraising and deal of the year at the 2013 AVCJ Private Equity & Venture Capital Awards, while MBK Partners’ Michael B. Kim picked up the Private Equity Professional of the Year honor and...
2013 AVCJ India Awards - last chance to vote
Voting for the 2013 AVCJ India Private Equity & Venture Capital Awards closes today - November 22.
Massachusetts PRIT has best performing PE portfolio – study
Massachusetts Pension Reserves Investment Trust (PRIT) Fund has the best performing private equity portfolio among US pensions, returning 9.1% and 15.4% on a five-year and a 10-year basis, according to a study by the Private Equity Growth Capital Council...
Australia’s Future Fund hikes private equity allocation
Australia’s Future Fund increased its private equity allocation from 6.3% to 7.2% over the 12 months to September 2013 as overall assets grew to A$91.7 billion ($88.5 billion).
Yale trims private equity allocation
The Yale University endowment, feted among institutional investors for pioneering a portfolio management model characterized by a relatively heavy exposure to illiquid assets, has trimmed its private equity allocation for the first time since 2005.
Voting closes today for the 2013 AVCJ Awards
Voting for the 2013 AVCJ Private Equity & Venture Capital Awards closes today.
Nominations for the AVCJ India Awards - final call
Nominations for the 2013 AVCJ India Awards close today. This is the industry's last chance to highlight the leading fundraises, investments, exits, professionals and firms of the last 12 months.
PE managers target diversification through greater transparency
Private equity fund managers are placing greater emphasis on transparency – specifically more frequent and detailed reporting on fund holdings and associated risk factors – as a means by which to differentiate themselves in a challenging fundraising...
Nominations for the 2013 AVCJ Awards close today
Nominations for the 13th AVCJ Private Equity & Venture Capital Awards close today.
China Everbright’s private markets business sees profit spike
China Everbright's private market business - which includes a variety of PE, VC and sector funds - generated a pre-tax profit of HK$205 million ($26.4 million) in the first half of 2013, up 17% year-on-year.
GP turnover delivers improved fund performance - study
High turnover among GPs leads to improved fund performance, according to a new study conducted by Capital Dynamics and the London Business School (LBS). While the findings appear to turn the prevailing notion that stable teams deliver the best returns...
Singapore’s GIC refines investment approach
GIC Private, the Singaporean sovereign wealth fund, has recalibrated its investment framework, splitting its portfolio into three strategies intended to strike a balance between its risk and return expectations, long-term investment objectives and desire...
CIC returns to profit in 2012 on back of equities boost
China Investment Corp. (CIC) has returned to profit, reporting an annual return of 10.6% on its overseas investments last year thanks to a rally in global equities. The sovereign wealth fund saw a cumulative annualized return of 5.02% for 2012, up from...
CIC's head of PE sees opportunities in Europe
The challenging fundraising environment means it is a good time to target private markets, and Europe in particular, according to the head of China Investment Corporation's (CIC) private equity investment department.