Investment Allocations

The pension system picked up secondaries stakes in Industry Ventures, Paine Schwartz and Eureka Equity funds.

Commitments to fewer managers and sale of non-core managers on the secondaries market led to mega and large buyout funds exposure dropping by 29.5% from December 2009 to Q1 2019.

Each investment or fund commitment should be able to survive the analytical rigour and the scrutiny of the pension's entire team, according to senior PE investment manager John Bradley.

These firms have become more diversified and their sticky revenue stream is tied more to management fees, according to director and head of private equity Mark Hoeing.

Australian sovereign fund's executive tells conference investors must adapt and improve their processes to keep up with the influx of capital into private equity

The sovereign fund, which has struggled to meet its pacing target, will likely have less capacity for new fund commitments over the next five years.

The continent’s private equity is scaling up, with regionalisation emerging as a key strategy. PEI scouts out where activity is highest and where the next opportunities will be.

PEI caught up with Neil Stanford, head of PE at the A$45bn superannuation fund, to discuss its push into Aussie VC and its aversion to large domestic buyouts.

Private equity must outperform all other strategies for the pension plan to reach its assumed rate of return, says chief investment officer Dhvani Shah.

Vulcan Capital, the multi-billion family office of late Microsoft co-founder Paul Allen, has around 5% of its portfolio invested in the region, CIO Chris Orndorff tells PEI.