LPs
LPs and infrastructure: Custom connections
LPs are mixing up their approaches to infrastructure as shifts in supply-demand dynamics converge with increased specialization requirements in next-generation projects. Asia remains the unproven goldmine
Australian superfund consolidation to alter private markets strategies
Australia’s pension market is ripe for consolidation, which will see the emergence of a handful of mega superannuation funds that leverage their scale to bring more investment activity in-house, according to leading industry participants.
LP interview: CalSTRS
Keen to reduce investment costs, California State Teachers’ Retirement System is changing the way it works with managers. Co-investment, joint ventures and stakes in GPs are priorities for private markets
TCDRS backs Baring's latest Asia fund
Texas County & District Retirement System (TCDRS) has committed up to $100 million to Baring Private Equity Asia’s seventh pan-regional fund.
Future Fund stresses risk-reward balance in private market strategies
Institutional investors “should be thoughtful about balancing risk and reward” as they deploy more capital into private markets that present liquidity and valuation challenges, according to the deputy CIO of Australia’s Future Fund.
CDC appoints direct equity managing director
CDC Group has named Tony Morgan (pictured), formerly a managing director at Canada Pension Plan Investment Board (CPPIB) as a managing director responsible for direct equity.
China secondaries: Curious conversions
An exit lag and difficulties raising money for renminbi funds in China has created a novel opening for secondaries investors comfortable moving assets from one currency to another
LPs warn of co-investment risks - AVCJ Forum
The boom in LP appetite for co-investment has made it harder to secure access to deals and created adverse selection risk as private equity firms push beyond their comfort zone, investors told the AVCJ Korea Forum.
Myron Zhu joins Manulife with expansion mandate
Manulife Investment Management has appointed Myron Zhu (pictured), formerly co-head of PE at Aberdeen Standard Investments, as its head of Asia private markets based in Hong Kong.
Australia's Future Fund hires TPG executive
Future Fund has appointed Sid Khotkar, who has spent the past 12 years working for TPG Capital in Australia, as a director in its private equity team.
Women in PE: Change on the agenda
As the private equity industry continues to formalize its approach to gender diversity, deep cultural changes will define the difference between best intentions and best practice
Women in VC: Crashing the gates
VC firms are increasingly serious about identifying and elevating prospective female talent, but the industry’s culture has a long way to go before women can feel truly valued and contribute their best work
Women in PE: Mind the gap
Gender diversity within private equity is an increasing priority for LPs and GPs alike. Addressing problems around the recruitment and retention of women requires fundamental changes in culture and mindset
Q&A: CalSTRS' Chris Ailman
Chris Ailman, CIO of California State Teachers’ Retirement System (CalSTRS), discusses why – and how – private equity managers should be placing greater emphasis on diversity
LP interview: Media Super
Media Super has distinguished itself among larger competitors in Australia by maintaining substantial exposure to alternatives. PE is fading from the allocation mix but VC beckons
Exit strategy: Good timing
KKR helps make the argument for realizing early exits when it supports a fundraising process, but LP reactions to this approach remain a mix of approval, suspicion and resignation
Texas Teachers targets Asia growth with proposed Singapore office
Teacher Retirement System of Texas wants to use its planned Singapore base as a means of gaining direct access to private investments in the region – although the pension fund’s CIO said penetrating Asia would likely take longer than an earlier push...
Realism on exits essential in Southeast Asia – AVCJ Forum
Exits remain challenging in Southeast Asian private equity, but LPs see a growing willingness among the region’s GPs to take this difficulty into account when planning their investments.
Temasek trims investment pace as performance stutters
Annual divestments by Singapore’s Temasek Holdings exceeded investments for only the second time in a decade against a backdrop of challenging market conditions and weaker returns.
Southeast Asia VC: Waiting for the breakout
Fundraising has accelerated in Southeast Asia’s venture capital space in recent years, but the ecosystem remains fragile. Expansion will be difficult until GPs can prove the viability of the market to LPs
New Zealand opens $200m VC scheme to private managers
New Zealand has opened a NZ$300 million ($199 million) government-backed venture capital scheme to applications from domestic and international private fund managers.
Fund manager due diligence: Culture club
Truly understanding a GP involves digging beneath the track record and presentations into the human dynamics that can make - or break - a team
GIC warns of potential downturn, cuts public equities exposure
Singapore’s GIC Private warned of “high-risk asset valuations that mask weak market fundamentals and growing economic uncertainties” having dialed down exposure to developed market public equities in favor of private equity, bonds and cash over...
LP interview: Unigestion
Asia’s rising levels of private equity talent offer enticing growth prospects for Unigestion’s wealth management clients, but enforcing discipline among emerging markets managers remains a challenge
