Paltry PE Returns Weigh Down La Caisse as 9.3% 2025 Return Misses Benchmark
The meager 2.3% return from the Quebec pension fund’s private equity portfolio fell well short of the benchmark’s 12.6%.
The meager 2.3% return from the Quebec pension fund’s private equity portfolio fell well short of the benchmark’s 12.6%.
The $57 billion endowment slashed its holdings in Amazon, Microsoft, Bitcoin and Nvidia, while raising its stakes in Alphabet and Taiwan Semiconductor.
Limited partners have questions about their managers’ quest for new sources of capital.
U.S. corporate debt and stocks, along with gold, are among the least attractive assets for managers over the next five years, according to Nickel Digital Management.
Additional retail and retirement-plan demand are expected to broaden distribution of private markets, but they will also bring scrutiny and comparisons to public markets.
Such investors have become among the ‘most assertive forces in global dealmaking.’
In an online post, President Donald Trump wrote that he intends the measure to mitigate the housing crisis resulting from an upward spiral of costs.
The latest transaction marks the pension fund’s fourth significant investment in Indian infrastructure since 2022.
The Abu Dhabi Investment Council filed a complaint against the Energy & Minerals Group related to the sale of fund assets into a continuation vehicle.
The pension giant’s alts holdings have ballooned to $27.3 billion from $1.3 million over the past decade, with room to grow.