LPs

Suyi Kim, previously head of Asia at the Canadian pension giant, has been named to lead its private equity unit globally.

LPs remain keen to allocate to PE even though the perceived risk to returns has risen materially, according to a survey by the secondaries firm.

The US public pension backed Brookfield's latest investment strategy offering in the first quarter of the year.

The Blackstone unit launched a dedicated strategy focusing on GP-led processes this year.

The $31bn manager is targeting secondaries investments through its 2019-vintage Fund XI and an in-market follow-on vehicle.

Secondaries funds returned net IRR of negative 1.75% in Q2 – the only strategy to go into negative territory – according to the latest data from the industry body.

The $82bn public employees' retirement fund, which is overweight in private equity, plans to maintain its commitment pace and take other actions to get the portfolio right-sized.

Investors seeking liquidity on the PE investing platform will be able to sell their fund stakes to the New York secondaries giant.

CIO Jim Grossman told the $63bn pension's board that staff would focus on slower private equity pacing to reduce its allocation for now.

Two London-based executives will join in the second quarter of this year to lead a practice focused on GP-led transactions.