Pensions

In today's edition, How the next generation sees secondaries evolving; One of Sweden's most influential LPs swaps snow for sand; a UK pension is seeking a new director of public and private markets.

Three-quarters of the asset manager's GP relationships were backed as first-time funds, head of Australia PE Rachael Lockyer tells PEI.

Pension system believes it missed out on rapid growth in venture capital, but also acknowledges poor manager selection.

The system’s limited exposure to AI-related sectors has weighed on its PE returns, according to PE director Michael McGirr.

Hesta is one of Australia's top PE investors, with around A$4.9bn allocated to the asset class as of last year.

In today's edition, A $66 billion LP says sector selection should be left to the experts; Greater China PE gets a shot in the arm; LPs are supporting their GPs on climate issues.

In today's edition, A former heavyweight LP turned consultant says investors are increasingly looking at local economy themes; Advent approaches its flagship target; PE dealmaking slumps once again.

PE represented about 7.2% of the total portfolio as of December, down from 7.8% percent the prior year, according to its latest annual report.

Head of PE at $38bn pension system believes portfolio’s distributions have fared well in a difficult period for LPs with hefty PE allocations.

Internal asset class evaluations and specific goal assessments are key when looking at performance, John Renkema, who spent more than two decades at the Dutch pension giant, tells PEI.