Zoe Hughes

LP Capital, a California-based firm that is also one of CalPERS’ advisors, beat out StepStone to replace Portfolio Advisors as the US pension’s private equity gatekeeper.

The private equity firm’s ninth real estate fund – the largest ever private equity real estate fund raised – will take advantage of current market dislocation.

The private equity placement agent has relocated its New Jersey operations to Manhattan’s Fifth Avenue.

The Canadian pension has confirmed it’s looking to increase its infrastructure assets with the addition of a second European airport to its portfolio.

In a letter to the US government, the Abu Dhabi government said its sovereign wealth fund should be treated like any other US pension fund.

The C$119 billion Canada Pension Plan Investment Board has delivered on its promise of direct infrastructure investments after New Zealand shareholders approved a bid for almost 40 percent of Auckland International Airport.

The $35bn Pennsylvania State Employees’ Retirement System commits further funds to PE after returning 41 percent from the asset class last year.

A report from PricewaterhouseCoopers describes an increased LP appetite for all alternative asset classes, with private equity and real estate leading the charge.

The employee pension of Spain’s second largest bank will start investing 5 percent of its €2.1bn pension fund in alternative assets.

CalSTRS’ board has vehemently opposed a pending California bill that would limit pensions’ investments in private equity firms with links to sovereign funds, while the president of Canada’s second-largest pension today warned a US Congressional task force against introducing similar legislation.