Side Letter: Alaska’s Asia aspirations, TPG’s $14bn, more adventurous LPs

Alaska Permanent Fund eyes more Asia exposure, TPG's double haul and the LPs from QIC and U Michigan you need to know. Here’s today's brief, for our valued subscribers only.
Juneau, Alaska

Five ways Alaska Permanent will boost its Asia exposure

The $65bn fund is underweight the region and is looking at China, Indonesia and pan-Asian funds, according to senior portfolio manager Yup Kim.

Abraaj’s Abdel-Wadood pleads guilty in US court

Mustafa Abdel-Wadood admitted to racketeering and fraud, and has agreed to co-operate with the US probe on the fallen emerging markets firm.

Side Letter: ILPA on GP clawback, $2.5trn powder keg, Abraaj latest

ILPA's latest how-to guide for LPs, private markets' $2.5 trillion piggy-bank, "political interests" behind Naqvi accusations. Here’s today's brief, for our valued subscribers only.

Invest Europe’s Baudon hopeful of EU parliament compromise

Thierry Baudon, the industry body's recently appointed chairman, said the rise of the Greens in Europe is not incompatible with the interests of the private equity industry.
Picture by James Clarke. www.jamesclarke.me, james@jamesclarke.me, 07941 676821.

Naqvi lawyer: US ‘political interests’ behind Abraaj charges

Barrister Hugo Keith QC says the US government's case is politically motivated due to the threat Abraaj Group and Arif Naqvi represent to US interests.
New York City

Nordic Capital seeks local hires for new US office

The firm is looking to hire up to four people for its New York office, which will focus on providing service to existing and new US healthcare portfolio companies.

FirstPoint partner forms new business – exclusive

Alex Bance has left the European placement agent and formed Calpa Capital, Private Equity International has learned.

NJ’s private equity programme emerges from uncertainty

Governor Phil Murphy’s anti-private equity rhetoric during his campaign triggered a hold on commitment but the state’s pension system wants to re-establish its standing.

Investec ex-US head of fund finance departs – exclusive

Gregg Kantor left the bank in April to focus on a property start-up he launched.
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