The quoted Swiss alternative asset manager saw its growth falter as foreign exchange and hedge fund outflows hit the increase in assets under management in its pre-close statement.
The Swiss group is opening an office in Germany, while AXA Private Equity is looking to grow its business with an office in Switzerland.
The UK government’s emerging markets investment unit’s total committed investment in Africa reaches $2.6bn.
The private equity investor is set to join the slew of firms looking to profit from a growing global need for finance to meet infrastructure costs. Some estimates suggest as much as $360 billion will come from private sources.
The state’s legislature has increased the Florida State Board of Administration’s allowable allocation to private equity and venture capital from 5 percent to 10 percent. The pension fund is also launching an infrastructure platform.
Respondents to a recent survey also said sovereign funds’ long-term strategy makes them more appealing than other LPs.
The UK’s Railpen, Denmark’s PFA pension, and The Indiana Public Employees Retirement Fund were among the limited partners that committed to the fund of funds.
The French bank has wound up its two direct venture investment funds in a series of secondary sales, which it has characterised as portfolio management.
The $82bn Washington State Investment Board, known for its bullish stance on alternatives, had a -2 percent first quarter return on its private equity portfolio, slightly outperforming its benchmark. Executive Director Joseph Dear tells PEO, ‘we’re in this asset class to stay’.
The Japanese financial services conglomerate is committing $100m to Hopu Investment Management, the China-focussed private equity firm founded by Goldman executive Fang Fenglei.