Investment Allocations

The US public pension has backed Blackstone's latest flagship secondaries fund.

Insurers in the region that have increased their exposure to alternative assets face regulatory changes that may hinder future investments.

The fund, which was targeting $1bn, includes El Paso City Employees' Pension Fund, according to PEI data.

In the third part of our series, Cyril Demaria, head of private markets at Wellershoff & Partners, argues the wait for returns is not as long as people think.

HarbourVest Partners' listed investment vehicle is around 5 percentage points above its target allocation for the strategy amid a rising valuations environment.

The sovereign wealth fund, with estimated assets of $828bn, is broadening its range of deals including secondaries and direct investments.

The endowment had previously sold about $1.7bn in private equity fund stakes in an effort to cut down its number of manager relationships.

The fund of funds manager will increase the vehicle's secondaries and co-investment allocation to more than 20%.

Removal of restrictions on asset holdings by Solvency II, coupled with low fixed income returns, is encouraging insurers to allocate more cash to alternatives.