Brexit

Despite the UK’s vote to leave the EU, the public pension plan decided to approve the commitment to bolster its exposure to European private equity.

Predictions for UK M&A in the second half of the year range from ‘lacklustre’ to ‘a write-off’.

The pension fund, which has an 11% allocation to private equity, said it will be working with policy makers and regulators to protect the interests of long-term investors.

One of Canada’s largest pension investment managers seems undeterred by the outcome of the Brexit vote and is still set to open its London office next year.

The €310 million sale was unaffected by ‘Brexit’, but there will be a lasting slowdown in the wider M&A market, the firm said.

The firm has been in the city since 1990, before the Maastricht Treaty was signed, and plans to keep its EMEA hub there.

GIC is prepared for a ‘period of heightened market uncertainty’ and calls for markets to remain open in light of Britain’s impending departure from the EU.

US-based GPs and LPs are choosing to wait and see what unfolds with Brexit, rather than react.

The Bank has made commitments to a number of UK-focused private equity funds; there will be no immediate changes to its engagement with the country, it has said.

Listed firms have avoided the share price battering felt by the banks, but are not totally unscathed.