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Katsunori Sago, the man who revamped Japan Post Bank

Japan Post Bank chief investment officer Katsunori Sago, the man behind the $1.9trn investor’s push into alternatives, is stepping down this month after three years at the helm.

CalPERS proposes changes to PE investment policy

Staff will seek feedback on proposed simplifications to its PE programme policy, including scrapping the CIO’s ability to approve increases in capital commitments to SMAs.

Future Fund reorganises investment team

Australia’s sovereign wealth fund creates five new roles, split by asset class, after head of property exits.

Sweden to relax rules on unlisted investments for state pensions

The country’s four AP funds are one step closer to gaining more flexibility when investing in private markets.

Houston pension fund seeks private assets consultant

The $4.2bn pension fund wants to grow its private asset bucket to 27% of its total portfolio.

Los Angeles pension boosts targets for private equity, debt

The retirement plan also increased its exposure to private infrastructure by 1%, while targets for real estate equity and natural resources investments stayed the same.

LP appetite for EM hits four-year high

More than one in three of respondents plan to increase their allocation to emerging markets as a proportion of their total portfolio, up from 29 percent last year.

OTPP ‘battening down’ portfolio companies to prepare for next downturn

The $147bn pension manager is making sure its direct investments have the ‘right management and covenant-lite financing facilities’, as it anticipates the next downturn, says Ontario Teachers’ director of funds.

LP shift to direct investing puts pressure on talent supply

A majority of LPs find recruitment and internal resource constraints to be significant barriers to improving PE returns, according to Coller Capital's latest survey.

LPs see ‘gold rush’ in China VC

Continued investor focus on the strategy means costly valuations, resulting in median returns, say Asia-based LPs.

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