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New pension fund mandate takes Investcorp Asia fundraising to $2.3bn

Private Equity Wire

Global alternative investment firm Investcorp has secured a $110m special managed account (SMA) mandate focussing on private equity investments, from Malaysia’s Kumpulan Wang Persaraan (Diperbadankan) (KWAP), one of the countrys top two pension funds.

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New York State Pension commits $3bn to private equity and alternatives

Private Equity Insights

The New York State Common Retirement Fund, one of the largest public pension funds in the US, allocated over $3bn in November 2024. Among the private equity investments, NYSCRF allocated $2bn across four tranches to Neuberger Bermans NB Co-Investment Fund III. More than $2.7bn went to private equity.

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Fund Friday: Top fundraising news in private equity

Private Equity Insights

The investor base includes corporate and public pension funds, endowments, foundations, insurance companies, family offices, and high-net-worth individuals from North America, Europe, and Asia. Employee and limited partner commitments also contributed to the funds oversubscribed close. Read more here.

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Apollo and ICG expand into South Korea as private equity gains momentum

Private Equity Insights

The country’s growing pool of pension funds and increasing corporate restructuring activities are drawing the attention of alternative investment firms worldwide.

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NYC pension funds look to PE in hunt for higher returns

Private Equity Insights

Four of New York City’s five public employee pension funds, catering for teachers, police officers, firefighters and civil servants, are to up their allocations to private equity and other illiquid asset classes, as they look to boost investment returns, according to a report by Bloomberg.

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Blackstone, KKR, CVC curbed by China’s IPO clampdown

Private Equity Wire

The difficulties in exiting investments have made some institutional investors, including pension funds, more cautious about allocating capital to the region. A senior executive at a leading investment firm predicted a dearth of exits from China for at least the next few years, further complicating the investment landscape.

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BlackRock expands private equity focus with new financing initiative

Private Equity Insights

The firm is looking to extend its role beyond investing client capital to managing funds for private equity and alternative asset managers, according to Chief Financial Officer Martin Small. This move follows BlackRocks $30bn expansion into private credit, financial data, and infrastructure assets in 2023.

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