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Private equity performance for Canada's largest pension, which had C$59bn in the asset class at 31 March, was boosted by higher returns in the domestic and foreign developed market segments.
The $11bn pension has increased its exposure to the private equity giant's 2015-vintage BEP II.
The investment from the Swiss pension includes a commitment to the firm's timberland fund which focuses on secondaries.
Canadian pension PSP Investments is planning to build an in-house secondaries team. How hard will it be for the LP to win deals?
The Hong Kong-based team has signed two deals since August, executives at Canada's largest pension told Secondaries Investor.
The agreement means the LP body's members can access the fundraising, secondaries and co-investments platform for free.
The $320bn pension, which allocates 8% to private equity, spent less year-over-year in management fees in 2015 and less than its peers.
Olivier Decannière, the French secondaries giant's UK head, tells Secondaries Investor why its clients want to move past the 'old story' of private equity.
The $315bn pension plan wants its internal PE investment team to focus on identifying skilled managers rather than worrying about meeting the target asset allocation.
The troubled pension has generated $245m in cash inflows so far from a series of secondaries sales that began in December.