Prudent PE Investors Itching to Jump on Better Pricing

The news that private equity investment in the U.S. fell by almost 50% to $41 billion in the second quarter, compared to investments totaling $80 billion in Q2 2017, may have startled some market observers, who had watched the segment hit record heights in 2017. But keen observers remain unfazed, confident that investors will soon be …

Three Institutional Investors Share Their Real-Assets Strategies

A majority of 224 institutional clients (58%) surveyed by asset management behemoth BlackRock earlier in the year, for its 2018 Global Real Assets Outlook, said they intend to increase their real-assets allocations this year, following a record fundraising year for the class in 2017. Also, closed-end private real estate funds and unlisted infrastructure funds collectively raised …

CalPERS’ New ESG Investment Boss Presents Vision for Program

Beth Richtman, the California Public Employees’ Retirement System’s (CalPERS) first managing investment director of its sustainable investment program, on July 16, delivered her first presentation to the system’s board of trustees, outlining her vision and initial steps for implementing ESG principles across the pension fund’s portfolio.  She said in the presentation that her overriding vision …

Renewable Energy Investments Taking Hold in Institutional Portfolios

Institutional investors are looking for opportunities to invest in renewable energy, and the markets have taken note.  In fact, more than half (54%) of the number of infrastructure deals completed in Q2 2018 were for renewable energy assets, while energy assets and utilities assets each accounted for 11% of all infrastructure deals, according to a …

Consultants Address Key Concerns in Developing a Private Debt Allocation

When its clients are considering investment in private debt, investment consultant Mercer suggests to them broad diversification, both globally and within the type of private debt they are seeking, according to Bill Muysken, the firm’s global chief investment officer for alternatives. Consultants at Aon recommend using private debt to diversify a portfolio heavily weighted in …

AIC Taps New Chairman; Mass PRIT Tops 2018 Public Pension Study

The American Investment Council (AIC) has elected Steve Klinsky as chairman of its board of directors. Klinsky is the founder and chief executive officer of New York-based New Mountain Capital, a growth-oriented private equity firm that manages more than $20 billion of assets. Separately, AIC recently released its 2018 Public Pension Study, with the Massachusetts …

U.S. Investor Delegation Kicks Tires of Africa Infrastructure Opportunities  

Though most of the U.S. institutional investors that were part of a delegation that travelled to Senegal and South Africa in early March invest in emerging or frontier markets (EFM), less than half of the funds invest in Africa, and fewer than one fifth invest in infrastructure there, with their EFM holdings primarily in private …

PE Surveys: Investors, Managers Diverge on Due Diligence; Firms Target Divestment  

Fund managers and asset owners are not totally aligned in their views of what factors about managers are important in a private market due diligence process, according to eVestment’s recently released Private Markets Due Diligence Survey 2018. Meanwhile, EY’s Global Private Equity Divestment Study, released last week, finds that PE firms continue to focus on …