15th April, 2024
The Norwegian parliament has dismissed a central bank recommendation that the 3-5% of the US$1.6 trillion Government Pension Fund Global (GPFG) – overseen by Norges Bank Investment Management (NBIM) – be invested in private equity... but has not ruled out the proposal forever.
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3rd April, 2024
After five years serving as NZ Super’s CIO, Stephen Gilmore is packing his bags for California where he is set to start his new job at the US$494 billion CalPERS, the US’s largest public pension fund and a massive step up from the US$70 billion New Zealand sovereign wealth fund.
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5th December, 2023
The US$46.5 billion Swedish public pension fund AP3 has followed many other peers in forging an alliance for private equity co-investments, working with Wafra, a New York-based subsidiary of Kuwait’s public pension fund, the Public Institution for Social Security (PIFSS).
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28th November, 2023
The world’s biggest sovereign wealth fund looks set to enter the private equity market for the first time, under the direction of former hedge fund manager CEO Nicolai Tangen.
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10th November, 2023
Quebec’s public pension fund CDPQ is set to join the federal-level CPP Investments in selling weighty secondary portfolios to free up liquidity towards new priorities.
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18th September, 2023
The US$463 billion California Public Employees’ Retirement System (CalPERS) has lost another CIO with Nicole Musicco quitting her position after less than two years for family reasons.
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15th September, 2023
A research report published this week by Norway’s sovereign wealth fund manager Norges Bank Investment Management (NBIM) found that long-term returns from venture capital and growth equity funds have underperformed public equities by 1-2% on average over the past 48 years, but its conclusions give some support for the conservatively allocated US$1.4 trillion Government Pension Fund Global (GPFG) to shift into private markets.
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4th September, 2023
New Zealand’s state-owned investor, NZ Super, has taken a bold step with a direct investment worth almost US$300 million in financial services provider Euroclear.
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21st June, 2023
The President of Korea’s US$169.3 billion sovereign wealth fund, the Korea Investment Corporation (KIC), reiterated the fund’s target allocation to alternative investments at 25% of AUM by 2025 in an interview with Bloomberg, indicating it is set to release billions of dollars of capital into global private markets.
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14th April, 2023
Sovereign wealth funds have been prominent buyers in listed companies going private in recent months, and yet another big deal is on the horizon: a proposed GBP4.6 billion (US$5.7 billion) takeover of Dechra Pharmaceuticals by the Abu Dhabi Investment Authority (ADIA) and Swedish private equity firm EQT.
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12th April, 2023
Norway’s US$1.35 trillion sovereign wealth fund, the Government Pension Fund Global, could start investing in private equity, potentially funneling billions into the asset class - but even if Norges Bank Investment Management (NBIM) agrees to a government request to examine "various aspects of unlisted equities”, any deployment is likely to be gradual and conservative.
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6th March, 2023
Two funds chaired by Abu Dhabi powerhouse Sheikh Tahnoon bin Zayed al-Nahyan are planning to create one of the Middle East’s biggest independent asset managers, with General Atlantic joining as a strategic investor and partner in the new entity.
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