All Private Equity articles – Page 10
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News
Danish FSA tells Industriens Pension to consider adding more PE staff
Watchdog hands out official orders to correct private equity management procedures, as part of wider focus on the way pension funds handle the asset class
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News
PenSam told to tighten up procedures around private equity valuations
Danish FSA hands out official orders to add paperwork on performance monitoring, amid wider regulatory focus on private equity
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News
ATP, AMF, AP funds and Folksam back Northvolt in $1.1bn financing
Large Nordic pension funds up their investments in Swedish battery maker as it seeks to boost production
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Features
‘Painful’ private equity fees are hard to avoid
The Netherlands’ €551bn ($576bn) civil service scheme ABP paid a record €2.8bn in performance fees to private equity managers in 2021, prompting the fund’s president Harmen van Wijnen to announce an external investigation to assess ABP’s rising asset management costs. The €277.5bn healthcare scheme PFZW paid €1.26bn in performance fees to private equity last year, accounting for two thirds of total asset management costs.
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Opinion Pieces
US: A cautious approach on private assets in DC plans
Will 2022 be the year when private equity is finally incorporated in US defined contribution (DC) plan line-ups? Possibly, following the Department of Labor’s (DoL’s) clarification of its position in a letter last December. But it will be a very slow process, according to industry experts.
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Country Report
Italy: Pension funds adapt to a new regime
Inflation, higher interest rates and geopolitical tensions are leading Italian pension funds to recalibrate their investment strategies
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Country Report
Country Report – Pensions in Italy (July/August 2022)
Italy’s pension industry continues to develop, albeit at a slow pace. Italian pension funds are adapting their strategies to the volatile and uncertain market regime, by purchasing inflation-linked assets and by taking advantage of potentially higher yields on domestic government bonds. However, as our lead article highlights, they are generally staying true to their long-term diversification strategies, which consist of gradually allocating to alternatives including private equity, private debt and infrastructure. Some have bought shares in the Bank of Italy, a private equity-like investment.
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News
ATP’s new domestic investment unit stays true to goal after first deal
Danish statutory pensions giant invests DKK three-digit million sum in sports tech Veo
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News
Private equity returns at near-record 16%
Coller Capital publishes 35th bi-annual global private equity survey
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News
AP7 one step closer to adding illiquids as proposal moves ahead
Government submits legal advice referral for changes to AP7’s investment rules
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News
German government plans to channel pension assets for VC investments
Also considering setting up a facility to finance young innovative companies that previously had no access to venture capital funds
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Interviews
Strategically speaking interview: Edwin Conway, BlackRock Alternative Investors
Many asset owners focus on the return streams available from private markets investments and the diversification effect of private equity, debt or any of the other flavours available in this sector of the market.
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News
Netherlands’ Shell pension fund reduces private equity exposure
The €33bn DB pension fund sold part of its allocation to the asset class because it had exceeded its target exposure
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News
Real Economy Project fund of funds to close with €500m
Arco Fondo Pensione, Concreto, Prevedi, Laborfonds, Byblos and Pegaso contributed with a total of €120m
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News
German doctors scheme pushes through with illiquid assets switch
Targetted illiquid investments include real estate, infrastructure, private equity and private debt
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News
German BVV boosts private debt to finance renewables infra, real estate
The scheme has already reached target allocation for illiquid assets, but will conduct further allocations in the future ‘selectively’
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News
Private equity general partner-led deals could generate $200-300bn per year, says Schroders
Despite the current macro economic environment and geopolitical tensions the growth in secondaries transactions continues
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News
BT Pension Scheme awards $1bn private equity mandate
DB pension fund sticks with Federated Hermes for third ‘Horizon’ allocation
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News
German investors strive for viable connection with private equity managers
BVK will prioritise private equity among its alternatives portfolio for the next 12 months
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News
Investors look to tap wide private equity market for returns
Strong demand for private equity dates back before the start of the COVID-19 pandemic