Pensions

The UK's £76 billion Universities Superannuation Scheme is eyeing smaller opportunities as it prioritises managers that can remain disciplined. Plus: LGT Capital Partners reckons this is the first decade in which private equity won't grow; and Rede looks to the Middle East. Here's today's brief, for our valued subscribers only.

The Canadian pioneer of institutional direct investing is launching a global private equity funds strategy with long-time exec Michael Graham set to retire.

The assets in the process run by the firm formerly known as The Jordan Company 'do not appear to have the ability to generate outsized returns', according to adviser Aon.

The $257bn pension has been seeking alternatives to secondaries sales to avoid taking massive discounts in such transactions.

The $258bn US pension wants to know whether a GP's performance is repeatable – something that's often down to the manager's expertise in sector specialisation, according to senior portfolio manager Wes Bradle.

Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.

Florida State Board of Administration believes securitisations could be a better option than selling fund stakes if LPs must take massive discounts.

Our upcoming special report on the secondaries market shows the future looks bright for this burgeoning asset class – though investors have a list of improvements they’d like to see.

The $105bn system's co-investment programme now makes up just over 10% of its private equity portfolio.