FirstSuper

First Super’s private equity review seems dramatic; it may not be.

The Australian superannuation fund stops making new PE investments.

The Melbourne-based fund will also conduct a review of its A$100m private equity programme following a labour practices scandal concerning some portfolio companies.

The A$1.7bn Australian superannuation fund plans to divest all investments in the media company due to consistently bad corporate governance.

The Australian LP is questioning its fund managers about issues relating to corporate governance as investors become increasingly diligent about their investments.

IFM will exit its remaining portfolio companies within the next five years, after failing to scale its PE strategy sufficiently despite strong recent returns.

Not every manager appears to share the belief that exits will recover in the near term. Plus: The Mastercard Foundation has become the industry's newest secondaries buyer; and a Maryland pension giant is concerned about the climate. Here's today's brief, for our valued subscribers only.

PE's inroads to the individual investor community may be hindered by a lack of brand recognition. Plus: Investcorp has set up shop in Japan; and the ESG benchmarking challenge just got a little easier. Here’s today's brief, for our valued subscribers only.

A look back at highlights from PEI’s Friday Letters tells you everything you need to know about the last 12 months in private equity.

The global private equity firm will invest about $214m in Phoenix Satellite Television, owned by a subsidiary of Rupert Murdoch’s 21st Century Fox Entertainment.

The global private equity firm has invested about $213m in Phoenix Satellite Television, owned by a subsidiary of Rupert Murdoch’s 21st Century Fox Entertainment.