The $29bn oil and gas endowment plans to allocate 18% to a new real assets category, including real estate, infrastructure and Treasury inflation-protected securities. The target allocation to real estate is expected to increase 2%.
The $30bn Alaska Permanent Fund has earmarked $500m for private equity investing in fiscal year 2010. In February, the fund cancelled hundreds of millions of dollars in recommended commitments to private equity and infrastructure funds.
The listed fund of funds managed by Pantheon Ventures is currently finalising further secondary sales.
The $105.5bn Canada Pension Plan Investment Board experienced record losses last year due largely to public equities, though alternative asset classes also suffered.
The £3bn UK pension lifeboat fund has appointed Guy Fraser-Sampson - former investment controller at ADIA - to advise its investment committee on its alternatives programme as it mulls an entry into the private equity market.
Net asset values will decline more over the next few quarters, brining allocations back into balance, according to a white paper published by the secondaries specialist.
New York Attorney General Andrew Cuomo has reached a resolution with The Carlyle Group under which the firm has pledged to avoid hiring placement agents to obtain investments from New York’s public pensions. Carlyle also agreed to pay $20m to ‘resolve its role’ in the pension pay-to-play investigation.
The bank has raised CHF300m for its dedicated green property fund, which will be listed on the Swiss exchange by 2013. The fund will target real estate in Switzerland only.
Julio Ramirez, who left Blackstone-affiliated placement agent Park Hill in March, has pleaded guilty to securities fraud. The allegations stem from the time Ramirez was employed by Wetherly Capital, prior to joining Park Hill; Blackstone told PEO its internal investigation revealed no misconduct at Park Hill.
Steve Moseley, who joined private equity advisor StepStone in 2008, said he is not a target of the ongoing pay-to-play investigation, but cited as a ‘distraction’ media reports about a co-investment platform created for New York’s state pension while Moseley was at a separate advisory firm.