Investment Allocations

Technological developments in the real estate space mirror the progress being made in the democratisation of private equity, writes Kyle Hagerty.

Allen Waldrop, director of private equity at Alaska Permanent Fund Corporation, has been tasked with optimising the institution's exposure to PE.

The average PE exposure across all investor types surpassed 10% last year, up more than 4 percentage points compared with five years ago, according to PEI’s full-year 2023 Investor Report.

Investors yet to enter the South Asian market will need to see convincing DPI before taking the leap, panelists noted at the HKVCA's Asia Private Equity Forum on Friday.

The $140bn sovereign wealth fund’s CEO Dr Raphael Arndt attributed the quarterly drop to currency issues and write-downs.

Covenants and leverage are much tighter in loans to sponsors across the region, according to head of APAC private credit Celia Yan.

Though GP stakes transactions have been few and far between in the region, a growing number of participants are setting up shop in APAC.

Hazman Hilmi Sallahuddin, CIO of Malaysia's $39bn Kumpulan Wang Persaraan, tells PEI what exposure it wants to add to drive higher, more sustainable returns.

The country's improved fiscal stability, currency appreciation and growing alts appetite from pension funds make it an increasingly favourable destination for PE managers.