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.
The emerging markets fund of funds has made its second large commitment to Actis' funds this year, investing in the firm’s global private equity fundraising attempts. In January it invested nearly $1bn in the firm’s latest infrastructure fund.
The investment management company for University of Texas and Texas A&M Systems has sold its interests in 14 funds after unsuccessfully shopping 25 funds last year.
The Ohio Public Employees Retirement System’s Ohio-Midwest Fund has now committed $72m to 12 regionally-focussed private equity funds.
The $58bn Virginia Retirement System continues its alternatives push with an investment in the $10bn buyout fund.
The California pension has also reported commitments to Advent, Audax and Huntsman Gay.
The majority of limited partners in private equity expect a 15-percent-or-better net IRR from private equity funds launched in the current environment, according to a report produced by PEI Media and trade association ILPA.
The US pension committed to CVC’s fifth European fund and two real estate funds, months after reorganising its allocation structure and boosting its alternatives target to 28 percent.
The Universities Superannuation Scheme and Alliance Trust are among a consortium that purchased a majority stake in the climate-focussed investment bank, as well as committed £20 million to its new fund of funds.