Australia's Future Fund ups PE allocation to 9.5%
Australia’s Future Fund increased its private equity allocation from 7.7% to 9.5% over the course of 2014 as total assets under management reached A$109 billion ($85 billion). The return for the 12 months ended December was 13.2%.
The sovereign wealth fund now has A$10.4 billion invested in private equity, up from A$7.5 billion at the end of 2013. During the 12 months ended September 2013, the PE allocation went from 6.3% to 7.2%....
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