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The roughly $46bn construction pension expects to increase its 2% strategic asset allocation as part of a portfolio-wide review that will conclude in June.
The commission proposed rules for the first time that would outright ban certain practices – a move away from its traditional focus on making sure GPs are providing LPs with appropriate disclosure.
The firm's co-chief executive says barriers to entry in the private assets industry have gone up.
In this deep dive, PEI examines how private equity is bolstering access to one of its most lucrative and fastest growing sources of LP capital
The firm reported record profits and investment activity over the past year as assets under management hit a new record.
The inability of many LPs to execute, despite their interest in co-investment, has left GPs frustrated, says the pension's investment director Yup Kim.
Blackstone's assets managed are expected to hit the $1trn mark in the year ahead, chairman and CEO Stephen Schwarzman said.
PEI catches up with Asia Alternatives co-founder Rebecca Xu to discuss how regulatory headwinds and geopolitical tensions are impacting LP appetites.
The London-headquartered firm had sought €8.5bn for its 11th and largest buyout fund.
Firms pushing for democratisation in private markets need to ensure educating retail investors is a critical part of the journey, says the firm’s global head of alternatives.