Investment Allocations

PRIM, which has been building on its co-investment programme to cut fees and carry, has steadily reduced carried interest expenses in the past few years.

Private equity continues to play a large role in the portfolios of family offices and foundations; more than one-in-three has an allocation greater than 20%.

The Canadian pension fund’s private equity portfolio had been steadily increasing, marking a 5% quarterly increase in its fiscal second quarter ended 30 September.

US pension plans are torn between curbing private equity commitments to stay on target or increasing their exposure to boost returns.

The Californian pension wants to hire funds of funds managers to help it invest $150m each year until 2018 and is interested in secondaries.

Daniel Green, a veteran secondaries investor, has taken on a broader remit that will cover primaries and secondaries across various private markets.

Alternatives growth spiked as traditional equity and fixed income AUM among the largest 500 asset managers declined 7% during 2015, according to fresh research.

More US endowments and foundations plan to increase their allocation to private equity than at the beginning of the year, as the search for yield continues.

Details on the firm’s $10bn Fund VI and its $875m investment from Dyal Capital Partners.

Panelists at PEI’s Operating Partners Forum agree that the shift and expansion of operating partners' roles are driven by investors' desire for greater transparency.