Victoria stops investing in PE
Victoria Funds Management Corporation, which manages funds for the State of Victoria, Australia, has announced that it will stop investing into private equity and will, instead, focus on infrastructure investing. The once-prominent limited partner, which has around $1 billion in existing commitments, have made redundant its both co-heads of private markets, David Brown and Andrew Strachan.
In an interview with Pension & Investments, Justin Arter, CEO of Victorian Funds Management said that the move was a result of VFMC clients being overweight in private equity even though their "private...
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