Allocation Strategy

Norway’s giant Government Pension Fund Global thinks it is too big and too late for private equity; it is wrong. Whatever reasons are dissuading GPFG, being too late to the party should not be one.

The pension system is investing $150m across real estate, energy, private equity, credit and growth strategies with Kayne Anderson Capital Advisors.

In the 2017 fiscal year, 12.4% of capital committed was called, compared with 58% in 2016 and 56% in 2015.

The pension system is adding a fifth separate account manager to its roster, with an initial allocation of up to $500m.

The Dutch real estate fund manager’s pledge is in line with its strategy to diversify its portfolio by investing more capital in foreign real estate.

The world’s third largest pension fund maybe going through turmoil, but its alternatives programme still looks inviting to fundraisers.

Property accounted for the largest percentage of assets held by the world’s 100 largest alternative asset managers.

The pension system will be making its entry into the space as part of an overall $140m allocation to real estate in the 2018 fiscal year.

Underwriting standards cannot be allowed to slip in the face of growing competition and more cov-lite deals, insists James Del Gaudio of PSERS.

Despite a sluggish economic recovery and intensifying competition among global funds China’s sovereign wealth fund is looking to continue its overseas expansion in to direct property and infrastructure.