Madeleine Farman
The retirement system is widening the funnel of managers it will consider investing with, according to deputy CIO Tom Masthay.
While private companies generally performed well last year, the listed firm's top economic forecaster Nicholas Brooks says conditions will be choppier.
Proposed changes to the way private markets operate were met with concern about unintended consequences.
Private equity managers expect longer holds for some of their portfolio companies as investors run the rule across portfolio valuations.
Rising inflation has had significant ramifications for private equity in the past year. Even so, there are silver linings to be found.
Only 27% of LPs plan to increase their allocations to private equity over the next 12 months, down from 42% six months ago, according to Coller Capital’s latest barometer.
In a trickier exit environment, fund managers may be forced to embrace longer hold periods.
As a growing number of LPs look to buy and sell private equity fund stakes in the coming months, Madeleine Farman asks whether there are bargains to be had.
Defined contribution schemes in the UK are forecast to grow to more than £1trn in assets by 2030.
The investment consultant is seeking external capital for a secondaries fund, following consultants such as Hamilton Lane and StepStone in managing pooled private markets funds.