Mark Carney’s background may raise private equity’s expectations, but ‘the world is a different place than it was last December,’ CVCA’s Kim Furlong tells Buyouts and affiliate Private Funds CFO in an exclusive interview.
The pension plan reduced its private equity target to 26%, citing long-term liquidity goals and 'negative cashflows.'
Major pension signals it will continue expansion of diverse representation among managers in private market assets during overview of DEI accomplishments.
The sovereign wealth fund will look toward more investments in venture capital funds, along with wider definitions of in-state impact, in an attempt to revamp the program.
Despite the uncertain landscape, ILPA’s senior leadership insists that its members are sticking to their current portfolios and taking a long-term outlook on the volatility.
Pension enticed by perks of pairing up with new managers in current PE environment, plans several-year allocation to Adams Street Partners-managed fund.
Even as pension’s underweight to US assets keeps it insulated from market decline, system is watching for managers developing strategies suited to trade war scenario.
The pension board will choose among allocation strategies that would decrease the amount by which it is overweight to private equity.
Federal funding cuts and a pending tax on their investment gains are forcing endowments to recalibrate their investment strategies in private markets.
Plannera was launched last year in part to advise on decisions about allocating capital to private equity and other alternative asset classes, a top priority for its two largest Saskatchewan pension clients.