Liquidity, Distributions and the Exit Backlog: How Endowments Are Navigating the Drought
Endowments are not abandoning private equity, but they are being selective.
Endowments are not abandoning private equity, but they are being selective.
Higher borrowing and input costs mean broadly buying the market does not guarantee the level of returns investors came to expect from private assets.
The standard for what constitutes a prudent fiduciary process for private assets in defined contribution plans remains to be defined.
But they have little appetite for private credit and hedge funds.
Despite emerging headwinds for higher-education institutions, these long-term investors are staying true to what they know.
The meager 2.3% return from the Quebec pension fund’s private equity portfolio fell well short of the benchmark’s 12.6%.
Conflicting trends of asset outperformance and risk driven by increasing workplace disability claims are expected to affect the funds, according to S&P Global.
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.
Such investors have become among the ‘most assertive forces in global dealmaking.’
EQT AB agreed to pay $3.2 billion to purchase the dedicated secondaries firm, which has nearly $50 billion in AUM.