Sovereign Wealth Funds

The sovereign wealth giant has raised its allocation for the asset class to up to 15% of total assets and has a bullish outlook on secondaries and direct lending.

Foundations and endowments had the highest increase in relative exposure to the asset class, according to PEI’s half-year 2023 Investor Report.

Demographic shifts and the rising cost of care in Asia have boosted interest in the market, according to the SWF’s head of life sciences for direct investments in America.

GP and LPs, including the California Public Employees’ Retirement System and Alaska Permanent Fund, have contended with staff turnover at a time of congested fundraising and market uncertainty.

Marcus Frampton said private equity hasn't yet had a correction and that he was stunned to see the multiples being paid for small, private companies.

With the regulation due to come into force next year, PE groups must ready themselves for the compliance challenges that are ahead, according to Jay Modrall, senior counsel at Norton Rose Fulbright.

Abu Dhabi Investment Authority and France's largest private markets investment firm are understood to have been in discussions about a deal as recently as mid-October.

The sovereign wealth fund’s chief executive Raphael Arndt expects the macro environment to separate the wheat from the chaff among GPs.

Two-thirds of the Texas Permanent School Fund's PE commitments have been made to North American investments, with the remainder split between Europe and Asia.

After being overallocated to its private equity asset and special opportunities portfolio for fiscal year 2022, Alaska Permanent Fund will commit less moving into 2023.