Annabelle Ju
Based in New York, Annabelle Ju covers North American institutional investors and fund regulation as the US Private Equity Reporter for Private Equity International and private funds management. She previously reported on market structure at Bloomberg and obtained her Master of Science degree from Medill School of Journalism at Northwestern University.
The firm has changed tack on its seventh energy-focused fund following ‘larger than expected capital losses’ incurred by previous vehicles.
The troubled US pension has sold 11 fund stakes on the secondaries market across buyout, energy and growth strategies since accepting bids in November.
The San Francisco retirement system has been making a sizeable effort to meet its target by quadrupling its commitment pacing to private markets between 2013 and 2015.
When the new US president arrived at the White House, OPIC’s VP and head of investment funds Brooks Preston left the agency, along with nine other political appointees.
Blackstone initially considered investing out of its long-term fund, Blackstone Core Equity Partners, instead of its seventh buyout fund.
The private equity shop was busy fundraising its Americas Fund XII, which is expected to hit its new hard-cap of $12.5bn.
The Oregon State Treasury’s international private equity exposure, so far divided between Europe, Asia-Pacific and global, will hone in on the latter as it curtails its number of GP relationships.
Investing through limited partnerships remained the best performing structure within the US’s largest public pension fund’s private equity portfolio in 2016.
After spinning out of JP Morgan in 2015, One Equity had several hundred million dollars in oversubscription for its latest fund.
The Boston-based pension system is awaiting board approval to increase its private equity allocation from 10% to 11% of its $62bn fund, after the asset class outperformed all others in 2016.