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Why GPIF’s Hiro wants better alignment, not lower fees

Hiromichi Mizuno was tasked with guiding the world's largest pension fund into alternatives. He tells PEI what he learned in his four-year tenure.

Aberdeen and UK insurer team up on fund finance

The deal represents another step in Aberdeen Standard's strategy to be an end-to-end provider of fund finance.

LP of the future: moving towards shadow capital

Customisable fund models, particularly separately managed accounts, are becoming more popular.

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.

Ardian pivots to mandates as LPs shun primary FoFs

The firm has more than tripled its deployment of LP capital through mandates over the past three years as investors seek to avoid the additional fees associated with primary funds of funds.

Ardian taps HarbourVest principal to lead Tokyo office

Kanji Takenaka will be charged with building a business which accounts for more than 12 blue-chip Japanese investors worth $2bn in AUM.

KKR gathers $8.5bn for long-term investments

The capital for the Core Investment strategy includes $3bn from the firm's own balance sheet.

Apollo plans long-term hybrid credit, equity fund – updated

Co-founder Leon Black said the vehicle is a work in progress and one of several projects to augment permanent or long-term capital at the firm.

When less isn’t more

CalPERS is reviewing its strategy of consolidating PE commitments into fewer managers. What will that mean for the industry?

Why CalPERS is rethinking its ‘core 30’ concept

The pension plan’s strategy to reduce GP relationships to a core group has not delivered the benefits it expected.

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