Big LP emerges in Canada, sets sights on private equity

Newfoundland and Labrador’s public pension funds are creating a first-time allocation to alternative assets with the help of Caledon Capital Management, a Toronto-based portfolio management and advisory firm. Newfoundland and Labrador Pooled Pension Fund, which oversees $9 billion in assets, decided on a market strategy in 2013 that called for a target allocation of five percent each for private equity and infrastructure.

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