Limited Partners

From partial exits to continuation funds, more African GPs are turning to secondaries transactions to deliver liquidity back to LPs.

Canada’s second-largest pension fund has been actively deploying to mid-market managers across North America, Europe and Asia.

Speaking at the HKVCA’s Greater China PE Summit, Shirley Ma, senior portfolio manager at APG Asset Management Asia, said the pension giant doesn't support the use of NAV financing in its portfolio.

At PEI’s annual Women in Private Markets Summit in New York, LPs discussed the power dynamic with GPs and what they expect from managers they work with.

CalPERS has a $100bn allocation to climate solutions – and is looking at its existing investment partners for climate-related opportunities – while APG has a domestic Dutch programme for transitioning local businesses.

The California pension has been monitoring GPs’ efforts to reduce carbon emission through an annual survey and a colour-coded system to categorise private equity-owned assets.

A revision of Australia’s foreign investment rules will see ‘low-risk’ investments from familiar investors reviewed more quickly, particularly if they are made into non-sensitive sectors.

Exit events are proving the viability of GP stakes investing, which offers both yield and meaningful potential capital appreciation, says Bradford Pilcher, a partner at Bonaccord Capital Partners.

GPs are seeking partners that can provide a powerful growth engine and expertise around product expansion, say Joshua Blaine, head of GP stakes, and Ward Young, CIO for GP stakes at Blackstone.

Cbus now requires a co-investment ratio of at least 1:1 from any new GP relationship, CIO Brett Chatfield tells PEI.