Institutional Investor

Mubadala Investment Company becomes the world's 14th largest sovereign wealth fund with around $125bn in assets.

The $4bn defined benefit pension has previously committed to vehicles managed by Lexington Partners and W Capital Partners.

The $26bn pension has backed two of the secondaries firm's funds with a combined $150m, half of what it committed to predecessor vehicles.

Pantheon, which conducted the study, is one of the private equity firms wanting to tap the growing defined contribution pension market.

The $3bn pension has backed at least four of the alternative investment manager's previous vehicles.

Secondaries Investor's most-read stories of the year.

The troubled pension was expected to approve the sale, which includes private equity and real assets stakes, on Thursday.

The Blackstone unit is understood to be nearing the final close on its latest private equity secondaries fund.

The commitment to Lexington's latest mid-market secondaries fund is a re-up for the pension, which has invested at least $750m in the space since 2012.

Jo Taylor has been appointed as the senior managing director, international, for the $129bn Canadian pension fund, in what is a newly created leadership role.