CalPERS to Purchase 80% Stake in Rocky Caney Wind
Deal made through Gulf Pacific Power account.
Deal made through Gulf Pacific Power account.
Board members float four possible paths to change portfolio structure; employers worried about higher pension payments.
Fund in early discussions with China’s Alibaba.
Deal is OMERS Private Equity’s first France-based investment.
Proposed changes would maintain the portfolio's heavy tilt to global equities, while likely increasing investments in fixed-income.
The Canadian pension fund is one of many investors in $5.6 billion consortium.
The trend may help introduce more transparency in these private markets since public plans are held accountable, firm says.
Australia, Japan, and Hong Kong lead the pack.
Board also reallocates $1 billion within its portfolio.
Fund would be the largest ever to focus on the region and comes as rivals raise megafunds.
Plan earns $851 million in fiscal 2017.
Managers see increase in negotiating leverage as investors flock to asset class.
In addition, Credit Suisse survey shows more than 70% of institutional investor portfolios incorporate hurdle rates and founder’s share class structures.