Pensions

Martin Longchamps, head of private equity at the $319bn Canadian giant, talks to PEI about secondaries sales, overallocation and what steps the institution plans to take next.

Institutional investors can no longer ignore the fact that exposure to high-quality assets is increasingly accessed via the secondaries market.

The country’s largest public pension will pursue both private equity and private credit continuation fund opportunities, investment policy committee member Sam Y Chung tells PEI.

Secondaries is an area where the $251bn system can 'use creative partnerships to access opportunities', according to senior investment officer John Bradley.

Private equity managers have yet to meaningfully access the $529bn of AUM held by India's insurance companies and National Pension System.

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.

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.