Investor Commitments

The giant Danish pension now has €8.4 billion committed to the asset class through ATP Private Equity Partners.

The NJ State Investment Council decided to stop negotiations with Advent on investing $100m in Advent GPE VIII, which had no preferred return.

The Maryland State Retirement and Pension System board has approved a reorganization of its asset allocations and has increased it private equity target from 10%.

More than 200 of the world’s leading experts gathered in London this week for the seventh annual PEI Responsible Investment Forum. Here are some of the key takeaways.

The sovereign wealth fund plans to sell 20 fund stakes in private equity, which has a $3.6bn market value in its portfolio.

Prudential has been making impact investments since 1976 and is well on its way to reaching its $1bn goal by 2020.

The pension scheme has committed $120m split between HarbourVest and Adams Street funds.

Geodesic Capital, founded by former US Ambassador to Japan, has closed its first fund with investments from Mitsubishi, Sumitomo Mitsui and Nikon, among others.

A survey of impact investors by The Global Impact Investing Network found that fund managers are looking to raise $12.4bn for 2016, compared with just $6.7bn last year.

PEI spoke with David Simpson, an investment officer for private equity at LACERA, about the LP’s plans to diversify commitments to private equity in new regions, which could include Africa, Southeast Asia and Eastern Europe.