Newsmakers
Sequoia Capital, Thoma Bravo, Paradigm Sued for Touting FTX
Investment firms allegedly made ‘deceptive and misleading statements’ to promote the failed crypto exchange.
Tag: Private Equity
Pension Risk Transfers: What to Watch Out For
Will the PRT be financially solid? Will the sponsor be left worse off? How will transferred beneficiaries fare?
Asset Allocation
New York Common Earmarked More Than $1.1 Billion to Alts in December
The pension fund also terminated a nearly $500 million account with Rockefeller Asset Management.
Pensions
How to Boost Diversification, From 2 Wise CIOs
Investment chiefs Jonathan Grabel of LACERA and Thomas Richards of the University of Missouri explain how they have broadened their portfolios’ range of investments.
Research
M&A Deals Predicted to Increase in 2023, Survey Shows
Katten survey indicates that with companies holding large amounts of unallocated capital, middle-market private equity dealmakers see financial services, technology and insurance acquisitions as big opportunities for 2023.
Asset Allocation
After ‘Tough Year,’ TIFF Expects ‘Goldilocks’ Recession in 2023
The firm’s active managers ‘faired poorly’ in 2022, according to CEO Kane Brenan.
Newsmakers
CalPERS Commits $1 Billion to Boost Diversity Among Alts Managers
The pension giant is investing $500 million in both TPG’s Next Fund and GCM Grosvenor’s ‘Elevate’ strategy.
Pensions
Florida’s Pension Posts $14 Billion Investment Loss in Fiscal 2022
Portfolio’s 6.7% loss misses benchmark by a mile, as funded ratio sees double-digit drop to 82.9%.
Asset Allocation
Scrutiny as a Return Driver
Allocators need to re-think due diligence in the wake of write-downs in private markets.
Asset Allocation
Private Market Technology Investments Are Here to Stay
After an immensely challenging year for technology companies, professional investors discuss the reasons why private technology assets are still compelling investments.
Asset Allocation
Shiny Private Equity Loses Some of Its Luster
The go-to asset class has stumbled a bit lately, prompting second looks from allocators.
Research
Howard Marks: A ‘Sea Change’ Has Come to Investing
Risk aversion and higher rates are now embedded features, which has big implications, the celebrated investor says.
Newsmakers
NBA Approves Institutional Investors’ Passive Ownership Stakes in Teams
Investors including pension funds, sovereign wealth funds and endowments can own passive stakes in NBA franchises, following a 2020 decision to welcome private equity firms.
Manager Selection
CalPERS Consolidates Private Equity with Growth and Innovation Program
Anton Orlich, appointed last month as managing director for growth and innovation, will lead the combined unit.
Research
Incentive Compensation in Financial Services Projected to Drop in 2022
In the financial services sector, base salaries increase 4% to 5% for the second straight year in 2022, while bonuses are set to fall in a difficult year for investors.