Investors

The $138.5bn system recently sold huge stakes of its private equity portfolio.

Speaking at the Asian Financial Forum on Thursday, Min Lan Tan, head of the APAC investment office at UBS Global Wealth Management, told delegates that private investment could take India to the 'next level'.

The system is eyeing between $2.5bn and $3.5bn in 2024 commitments.

The $140bn sovereign wealth fund’s CEO Dr Raphael Arndt attributed the quarterly drop to currency issues and write-downs.

The US’s second-largest public pension also approved a plan allowing it to leverage its total fund.

Covenants and leverage are much tighter in loans to sponsors across the region, according to head of APAC private credit Celia Yan.

Stefan Fallgren has taken on responsibilities for the €49bn Swedish insurer's private equity and infrastructure portfolio.

Liquidity from the system’s PE portfolio dropped off over the past two years.