Rod James
Pension pooling will not only reduce costs but allow UK pensions to hire people that can go toe-to-toe with private equity managers, argues Pension SuperFund creator Edi Truell.
A huge stapled secondaries deal last April set sovereign wealth fund Mubadala on the road to being a third-party fund manager, but what has it done with the capital?
The sector may be entering a new phase, while secondaries buyers are keeping a close eye on the market.
Blackstone and Silver Lake feature strongly in the portfolio underpinning the state backed firm's Astrea IV collateralised fund obligation.
A huge stapled secondaries deal last April set sovereign wealth fund Mubadala on the road to being a third-party fund manager, but what has it done with the capital?
Public Officials Benefit Association, which has $9.2bn under management, is putting aside an initial $150m for primaries, secondaries and coinvestments.
The private investment arm of the French asset manager will launch hybrid fund of funds, growth capital, infrastructure and real estate vehicles this year.
Sven Lidén, who left the private equity firm after it was acquired by Schroders, has started his new role at the Swiss secondaries specialist.
The asset class returned 2.2% in the first quarter against a volatile backdrop characterised by pension reform and the threat of a trade war.
Pension pooling will not only reduce costs but allow UK pensions to hire people that can go toe-to-toe with private equity managers, argues Pension SuperFund creator Edi Truell.