New Mexico

New Mexico SIC slashes PE investment target as distributions dry up

The sovereign fund, which has struggled to meet its pacing target, will likely have less capacity for new fund commitments over the next five years.

Beyond volatility: Are there better ways to measure risk?

Too many LPs are focusing on volatility as a key indicator of risk – a measure that is unsuited to liquid markets, according to consultancy Wellershoff and Partners.

Does it matter how investors fund their commitments?

News that CalPERS is considering leveraging its portfolio has put the spotlight on the risks and merits of institutional investors taking on systematic borrowing.
LightBay Capital

Ex-Ares execs on how to build an institutional PE firm

LightBay Capital, formed by two former Ares Management partners, has focused on employing a differentiated strategy.
MJ Hudson's Private Equity Fund Terms Research 2019

GPs take charge on change of control provisions – report

GPs eyeing potential capital from the fund of firms market are building out legal requisites to ensure such transactions could happen without LP consent.
Melbourne, Australia

Why Australia’s Hostplus is piling into venture capital

PEI caught up with Neil Stanford, head of PE at the A$45bn superannuation fund, to discuss its push into Aussie VC and its aversion to large domestic buyouts.
Willis Towers Watson’s Pensions & Investments World 300 for the year ended 2018

World’s largest pensions hold alts exposure steady – report

The world’s 20 largest sovereign and public pension funds allocated 22% of their assets to alternatives and cash last year, according to Willis Towers Watson.

How information is being unlocked for investors in Africa

Headline numbers only tell you so much, says Clarisa De Franco, CDC’s managing director of funds and capital partnerships.
fundraising

Wind Point pulls in new investor for Fund IX

The firm has been cautious about its fund sizes and measured in coming back to market with successive funds.
Someone looking at an iPad

From Ethiopia to consumer markets: Emerging themes in Africa

Alison Klein, manager, private equity, at FMO, discusses the new opportunities in Africa.
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