Alex Lynn
The initiative has 46 founding signatories, including Blackstone, The Carlyle Group and Teacher Retirement System of Texas.
There are countries that show including alternatives in DC pension plans is achievable, but not without pain points.
Alicia Gregory, head of private equity at the Australian SWF, says investors could be left overexposed if less creditworthy LPs default on capital calls.
PEI's interactive chart takes a look at some markets beyond the US that permit defined contribution plans to invest in private equity, and the regulations governing their participation.
The latest guidance from the LP body encourages GPs to disclose net IRR with and without the use of such facilities, in addition to the methodology used to reach that figure.
The advisory firm is working on solutions for LPs that may not have sufficient liquidity to meet a capital call, partner Peter Martenson said.
Xen Capital, a Singaporean fundraising platform, is planning to launch a free-to-use reporting tool to improve the quality of manager communication during the covid-19 pandemic. Three of Xen’s GP shareholders – the identities of which are unclear – are user-testing the communication portal ahead of a planned launch on 30 April, chief executive Katrina Cokeng […]
A number of GPs are using flush balance sheets to seed their own distressed debt funds, according to firm head Michael Rees.
LPs are encouraging managers to discuss coronavirus over the phone as formal reporting has been limited by the speed at which the pandemic is escalating.
Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.
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