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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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The Paris Based Private Equity Firm Ardian Raises Over $20bn For Secondaries Fund

Private Equity Insights

Over the past decade investors increased their allocation to less liquid private market assets, including buyout funds and real estate, in the hunt for higher returns. The trend turbocharged the growth of secondary funds that offer the likes of pension funds the chance to exit such investments early if they need to.

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Australian $100bn pension fund targets private assets with London launch

Private Equity Insights

Australia’s third-largest pension fund will officially open its first overseas outpost in London in November, a senior company official said, pushing for more private market investments as the sector outgrows the confines of home. Aware Super, with A$160 billion ($102 billion) in assets, will set up in the district of St.

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Pension fund invests in Morgan Stanley’s $1bn climate fund

Private Equity Insights

AP Pension has invested in a Morgan Stanley fund that aims to reduce carbon emissions by 1GT ahead of 2050. Danish pension fund AP Pension has invested in the Morgan Stanley 1 Gigaton fund, which aims to remove one gigaton of CO2-equivalent emissions from the Earth’s atmosphere by 2050.

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Blackstone to sell Japan’s Alinamin to MBK for $2.2bn

Private Equity Insights

Private equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for $2.17bn.The deal is expected to be signed soon, said the person, who declined to be identified as the information was private.

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KKR to Acquire Varsity Brands from Bain Capital for $4.75bn

Private Equity Insights

Private equity firm KKR & Co agreed to acquire Varsity Brands, a U.S. maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 KKR will own Varsity Brands through its Americas private equity fund, the sources said, requesting anonymity because the deal has not yet been announced.

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BNP, UBS show interest in HSBC’s German Wealth Unit Valued upto €600m

Private Equity Insights

Reuters had reported in June that the bidding process for INKA was due to launch in couple of weeks, with other fund administrators, including Universal Investment, owned by private equity firm Montagu, emerging as potential bidders. Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc.