Marine Cole

The Toronto-based firm will contribute nearly a third of the capital, making it the largest investor in the fund.

The venture capital arm of the Canadian pension plan now has C$800m in assets under management.

Representatives of some of the private equity industry's most influential organisations, including CalSTRS, OTPP, Blackstone and the Carlyle Group, discussed the state of the asset class, with five main themes emerging from the Milken Institute Global Conference.

The Japanese pension plan expects all its investment managers to integrate ESG in their investment decision making, Hiromichi Mizuno explained at the Milken Institute Global Conference on Wednesday.

Panellists at the 2017 Milken conference such as Blackstone's Tony James said financial regulation has choked growth in recent years, while China Investment Corporation noted policy affected direct investment.

The firms are predominantly from North America, with a high share in venture capital.

With valuations in the US and western Europe elevated, more than half of KKR’s private equity investments were in Asia, with a focus on Japan.

The vehicle has a specific focus on complex transactions, including GP-led restructurings.

Drivers include increasing competition and record high dry powder, according to a report by the Swiss bank obtained by PEI.

Oaktree Capital’s Howard Marks recently shared his views on the use of subscription lines of credit by closed-end funds.