Preeti Singh
The firm is back in market just eight months after it closed its third growth fund, which is already 90% deployed.
The growth equity firm, a prolific investor in technology, could raise up to $8.5bn for Fund XIII and is upping its investment pacing to $2bn a year.
The sovereign wealth fund is also exploring options for an in-state private equity programme, as PE continues to be a top performing asset class.
Following a barrage of follow-up questions on his 2019 outlook, Henry McVey has issued a new note drilling down on private equity, China, Europe and the need for flexibility in asset allocation.
The firm is back in market with Trident Fund VIII less than two years after raising its predecessor.
The pension expects its investment in security services provider Allied Universal to complement its real estate portfolio.
The firm has raised $7bn for its ninth flagship fund, including $1.1bn for larger investments.
The pension system approved commitments to two new managers and two re-ups.
The pension giant’s new CIO Yu Ben Meng underscored the importance of private equity in its portfolio.