sovereign wealth fund

The Australian SWF's exposure to the asset class had grown in recent months due to its relative outperformance and currency moves, according to acting CIO Sue Brake.

Australia's sovereign wealth fund sold more than $2bn of private fund stakes across several transactions.

The world's third-largest sovereign wealth fund sold a portfolio worth $2.4bn to Ardian in 2014.

The Australian SWF has exited around $3.4bn of private markets investments in recent years, according to deputy chief investment officer Wendy Norris.

KKR, Warburg Pincus and TPG-managed funds are included in the Singaporean state investor unit's latest securitised offering.

The sovereign wealth fund is also exploring options for an in-state private equity programme, as PE continues to be a top performing asset class.

Secondaries are part of the sovereign wealth fund's bid to increase its alternatives exposure by 5% over the next two years.

Advisor Townsend recommends the $24.3bn sovereign wealth fund to turn its attention to 'unique situations' such as secondaries.

Kuwait Investment Authority has been offloading European private equity stakes in line with changes taking place at its London office.

The sale is understood to be linked to changes to the sovereign wealth's London office, which handles its European private equity investments.