Corporate Moves
Abrdn Sells US Private Markets Business to HighVista Strategies
The Scottish investment giant will transfer $4 billion in AUM and 30 employees to the Boston-based alts manager.
Tag: Private Markets
Asset Allocation
Public Equities Drive CalPERS’ 3.2% Q1 Return
The pension giant’s portfolio rose to $452.6 billion, but missed its benchmark by more than 100 basis points.
Newsmakers
Former Aramco Alts Head Joins CalPERS as Private Markets DCIO
Daniel Booth will oversee the $442.6 billion pension fund’s private equity, real assets and private debt.
Newsmakers
Indiana Amends ESG Bill to Exclude Private Markets
Changes mean legislation will cost state pension fund $5.5 million over 10 years instead of $6.7 billion.
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.
Risk
Here’s Where to Find Opportunities Amid Slow Growth, Says Report
Private equity, hedge funds and high-yield bonds are promising investments for the future, Northern Trust Asset Management advises.
Asset Allocation
Private Markets Keep Growing, Even Amid Slowdown, Says PitchBook
Venture capital and private equity boosted their valuations mightily in the past 20 years.
Asset Allocation
2022 Not-for-Profit Investment Survey Finds Significant Presence in Private Markets
The trend coincides with an increased awareness of and emphasis on environmental, social and governance issues.
Despite Headwinds, Institutions See Opportunities
Private market returns have come down off the highs, but institutional investors are keeping the faith.
Asset Allocation
Insurance Firms Seek Out Sustainable Investments for Higher Yields
A report finds climate change and a low-return environment are spurring ESG investing among insurers.
Alternatives
Alts Grow Bigger and Bigger in Institutional Portfolios
Some 86% now invest in alternatives, says Nuveen survey.
Alternatives
Real Estate Offers Opportunities for Private Market Investors in 2021
Mercer says investors should increase their risk appetite and consider allocating to real estate this year.
Asset Management Culture
Pennsylvania Fund Debates How Best to Invest in Today’s Environment
Low stock valuations and bond yields leave PSERS questioning next moves.
Alternatives
MUFG Forecasts Expansion of Private Markets Activity Post-Pandemic
A further consolidation of private funds, big opportunities in distressed debt, and flexibility in opportunity sets are in the cards for private markets investors.
Asset Allocation
Washington State Board Makes Up To $1.9 Billion in Extra Private Market Commitments
New allocation adds to WSIB’s already outsized allocation to these assets, which has helped cushion it amid equity market turbulence.