Preeti Singh
Private equity was one of the largest contributors to performance during the quarter for the Canadian pension giant.
Public pensions could lose up to $1.65bn per year, according to the US Chamber of Commerce.
The new vehicle enables the specialty chemicals-focused firm to cover a part of the market increasingly outside the remit of its growing flagship funds, says managing director Jack Norris.
Performance details of the firm's last five flagships were disclosed in pension documents obtained by Private Equity International.
At the Orange County Employees Retirement System’s latest investment committee meeting, the former CIA director and current head of the KKR Global Institute shed light on how his firm manages geopolitical risk.
A lower annual pacing plan would lead to a reduction in co-investment opportunities and preferential treatment from GPs, according to November investment committee documents.
A tougher deal environment has made it challenging to consummate deals, and the quarter was a ‘low watermark’ for realisations, said co-chief executive Kewsong Lee.
Asia continues to be a priority and the firm will launch a tech fund in the region, according to co-president and co-chief operating officer Scott Nuttall.
Small- and mid-cap funds have been alpha generators for the pension system's PE portfolio, according to chief investment officer Farouki Majeed.
Henry McVey explores why public market indices are not a good measure for private equity volatility and why venture should be approached with caution.