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separate accounts
The firm secured new mandates with projected future commitments of over $3bn and reported increasing demand from Southern Europe, Latin America and Asia.
Hiromichi Mizuno was tasked with guiding the world's largest pension fund into alternatives. He tells PEI what he learned in his four-year tenure.
The deal represents another step in Aberdeen Standard's strategy to be an end-to-end provider of fund finance.
Customisable fund models, particularly separately managed accounts, are becoming more popular.
Staff will seek feedback on proposed simplifications to its PE programme policy, including scrapping the CIO’s ability to approve increases in capital commitments to SMAs.
The firm has more than tripled its deployment of LP capital through mandates over the past three years as investors seek to avoid the additional fees associated with primary funds of funds.
Kanji Takenaka will be charged with building a business which accounts for more than 12 blue-chip Japanese investors worth $2bn in AUM.
The capital for the Core Investment strategy includes $3bn from the firm's own balance sheet.
Co-founder Leon Black said the vehicle is a work in progress and one of several projects to augment permanent or long-term capital at the firm.
CalPERS is reviewing its strategy of consolidating PE commitments into fewer managers. What will that mean for the industry?