Carmela Mendoza
The world's largest pension plan has issued an RFP for investment consultants to advise on its underweight alternatives portfolio.
The direct secondaries firm, which is planning to open a Mumbai office, has made a $21m investment in construction and engineering companies in India.
Adding operational value can be an acrimonious process, as Hong Kong direct secondaries specialist NewQuest Capital Partners discovered.
The Japanese insurer’s decision to create an alternatives division follows sister company Japan Post Bank’s move in December to establish a private equity division.
The direct secondaries firm first acquired a stake in d.light through its May purchase of Draper Fisher Jurvetson's India portfolio.
The direct secondaries firm, which bought the India-focused portfolio of Draper Fisher Jurvetson earlier this year, will open its second overseas office in Mumbai by year-end.
Buying and selling of private equity fund stakes is expected to increase over the coming year, according to a study by the global investment company.
Temasek has appointed two new presidents and said it will combine its sector and market investment team, barely a week after GIC announced a raft of promotions.
The sovereign wealth fund, an active player in the secondaries market, has named Yong Cheen Choo to the new role.
The NZ$29.6bn fund has sold a total of five alternative fund interests since 2014 in a bid to have a more concentrated, active investment portfolio.









