Alaska Permanent Fund

Staff have raised concerns over the inclusion of a 12% private debt allocation in its private equity benchmark, as well as the total exclusion of energy investments.

Investment staff recommend reducing the SWF's allocation to the asset class by 1% annually over a three-year period, CIO Marcus Frampton said at a board meeting.

In today's edition, Alaska Permanent reckons some of the shine has come off private markets; Hong Kong's IPO momentum could further boost renewed investor interest; Employee ownership funds are on a tear.

The $85bn fund needs to think about whether it will be investing alongside retail capital when it evaluates GPs, according to deputy CIO Allen Waldrop.

APFC is reaping short-term rewards from its tilt towards buyouts. Plus: an Indian fundraising scoop; and Permira taps Carlyle in its global IR build-out. Here's today's brief, for our valued subscribers only.

'We tend to like single-asset continuation vehicles if the story is right [and] if it’s with a sponsor that we think is the right owner for that asset going forward,' according to deputy CIO Allen Waldrop.

Investors believe uncertainty caused by US President Donald Trump's tariff policies could postpone a thaw in exit markets, compounding existing fundraising challenges.

In this nine-minute interview, Alaska Permanent Fund's deputy CIO says prioritising distribution ratios as a metric will cause GPs to do 'very unnatural things'.

Even amid market turbulence and fears over returns, the LPs on the 2026 Global Investor 150 ranking show strong conviction in the asset class.

Mixing unaccredited investor capital with wealth capital via vehicles with differing levels of regulation could lead to a backlash against the industry, the private markets veteran told delegates at PEI Group's NEXUS 2026 event.

The proportion of LPs seeking to invest more in private equity has been hit by performance concerns, while Europe looks to benefit from US uncertainty.

Private equity’s liquidity premium appears to be eroding at a faster rate than ever before. Plus: a UK pension giant is pumping more into PE; and a German LP gets a new CIO. Here's today's brief, for our valued subscribers only.

LPs cite seven issues that they wish fund managers better understood about their needs in exclusive research for PEI’s NEXUS event.

Europe's defence spending boom will provide investment opportunities for PE firms, say experts. Plus: more CalPERS news and results from a straw poll on secondaries. Here's today's brief, for our valued subscribers only.

Happy New Year! Side Letter is kicking off 2024 with a list of interesting emerging managers, a profile of Texas Municipal's new PE-loving CIO, and deployment data from sovereign investors. Here's today's brief, for our valued subscribers only.

An LP statement on the appeal of co-investments highlights the increasing importance of no-fee no-carry direct deals. Plus: Financial advisers want more private equity, but there's a catch. Here's today's brief, for our valued subscribers only.