Jordan Stutts

Strong private equity returns helped to offset negative performance in public equities, leaving the Canadian pension fund with a 2.3% overall return.

The risks of sharing a blind pool where the sovereign wealth fund plays such an outsized role are being thrown into sharp relief.

Two LPs who committed to the $40bn vehicle said they are monitoring the situation involving a journalist's disappearance and the questions surrounding Saudi Arabia's potential involvement.

One investor said the original rate was ‘just not a standard hurdle’.

Despite a clear need and high growth potential, investors have not backed the energy storage sector in large numbers, partly due to a lack of standardised contracts, finds Jordan Stutts.

Co-founder Joshua Harris will target sectors where he can get an ‘excess return’.

The vehicle will be open-ended, target core and core-plus assets and collect fees based on net asset value.

The firm’s Petershill fund made its second investment this year in energy-focused Riverstone Holdings.

The $128bn pension manager said the greater adoption of the direct investment model globally is making the market much more competitive.

There’s political consensus that US infrastructure needs significant investment, and privatisation is one way to accomplish this, the Blackstone Group’s chief executive said.