The country’s private equity industry is helping the region close the gap between Latin America and Asia, market participants said yesterday at an ABVCAP conference in Rio de Janeiro.
A fund established by US hedge fund Fursa, Indian infrastructure financing company SREI and Indian holding company Prima Donna will be led by Sanjiv Gupta, former Coca-Cola India CEO.
Liberty Mutual, Skandia Insurance, Barclays, the New York State Common Retirement Fund and Kamehameha Schools are among the firm’s new limited partners.
The aerospace company’s $50.4 billion pension is shifting its allocation targets as it looks to reduce exposure to stock market volatility.
Richard Laing, chief executive of the UK government-funded, emerging market fund of funds, sounded a note of caution as high valuations seem certain to hit future returns.
The start-up firm is enjoying momentum in its debut fundraising, while building out the team.
Newbury Partners, launched by Auda Advisors’ former secondaries team, has already committed 25 percent of its debut fund.
The pension’s overall annual return of 4.5 percent – its lowest return in five years – was boosted by alternatives. Teachers’ annual report said real estate was the highest performing asset class returning 14.7 percent.
The California-based firm’s seventh fund brings its assets under management to more than $1 billion.
The firm hopes the hire of Thomas Ramsay, formerly head of its European rival Industri Kapital's Finnish team, will reinvigorate the business, which has not done any deals since 2005.
The private equity arm of the Russian investment bank Renaissance Capital has raised one of the largest pools of capital to invest in the region and beyond into Africa.
The first cut of EVCA’s independently produced data for Europe shows the industry’s resilience in fundraising and investment in the face of challenging market conditions in 2007. Performance was stable.
Real estate, then private equity top the preferred investments among the 52 percent of respondents who do or want to commit to alternatives, according to a Bear Sterns report.
The $7.3 billion Arizona Public Safety Personnel Retirement System is looking to significantly increase its exposure to real estate across the US and internationally.
PERE's sister news service PEO interviews Alberto Torrico, the California assemblyman who recently introduced a proposed law that would force the state’s public pensions to cease ties with firms that are partially owned by certain sovereign wealth funds. Torrico tells PEO he is particularly targeting alleged human rights abuses in the United Arab Emirates, and that the objections voiced by pension investment staff are “overstated, exaggerated”.