The world’s second largest sovereign fund’s recently launched capital strategies group will also invest 5 percent of its assets in private real estate deals, but private equity is ‘not part of the investment universe’.
The $34bn Pennsylvania State Employees’ Retirement System commits to six private equity debt and technology funds, as it reveals investments are down 4 percent in the first quarter of 2008.
The world’s second largest sovereign fund’s recently launched capital strategies group will invest five percent of its assets in private real estate deals, but says private equity is ‘not part of the investment universe’.
The $39bn fund, which manages income from the state’s oil and mineral resources, has also cut its domestic equity and fixed-income exposure.
The $39.2 billion fund, which manages income from the state’s oil and mineral resources, has also cut its domestic equity and fix-income exposure.
LP PROFILE 2008-06-01 Staff Writer <strong>SHAPE CAPITAL</strong><br> shaPE Capital is a private equity fund of funds investment company listed on the SWX Swiss Exchange. Launched in 2001, the group is the private equity arm of Bank Julius Baer.<br> <br> shaPE Capital is a gl
One of Japan’s first institutional investors to embrace private equity will reportedly augment its investment in private equity and hedge funds by some $500m.
The $41.7bn retirement system has also committed $38.9m to Avenue Capital Group’s first European fund.
The Canadian pension has been hit by turbulence in the public equities and REIT markets, but its alternatives fared well in 2007, with infrastructure leading the way.
Although investment guidelines have not yet been set, people familiar with Brazil’s proposed sovereign wealth fund say it may favour ‘politically related’ investment mandates over the alternative investment allocations embraced by peers.