Japan’s Chikyoren hires AIC as domestic PE manager

The Japanese second biggest pension fund continues to grow its private assets exposure.

The $217 billion Pension Fund Association for Local Government Officials, also known as Chikyoren, has awarded a domestic private equity mandate to Tokyo-based fund of funds manager Alternative Investment Capital. The fund did not disclose any financial details regarding to the mandate.

In July 2018, Chikyoren also issued a request for proposal to hire managers for private equity, infrastructure, real estate and debt strategies.

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