Financial services

Japan’s sprawling financial conglomerates can lead to overlap between pension fiduciaries and fund placement businesses that requires careful management.

The top force fuelling M&A among private markets managers is the ambition to become as relevant to private wealth and insurance money tomorrow as institutional capital today.

The California pension’s staff want to continue its co-investment program with Ardian and add develop similar programs with the firm outside private equity

Industry participants say GP stakes may not be well understood by the market and analysts.

IFM will exit its remaining portfolio companies within the next five years, after failing to scale its PE strategy sufficiently despite strong recent returns.

The financial services space is ripe for value-additive consolidation, say CD&R’s David Winokur, Dan Glaser and Walt Bettinger.

Quarterly redemption opportunities do not mean these products should be considered liquid, says head of international Marco Bizzozero.

Lili Wang is evaluating new product strategies across private credit, private equity secondaries and real estate, she tells PEI.

The firm joins an increasingly crowded NAV financing market, with Partners Group and Pemberton Asset Management among those to have also entered the fray in recent years.

KKR-owned Colonial First State, which manages one of Australia’s 10-largest superfunds, will make its inaugural private equity allocation this month, PE head Chloé Brayne tells PEI.