Institutional Investor

The Japanese insurer’s decision to create an alternatives division follows sister company Japan Post Bank’s move in December to establish a private equity division.

There is increasing scepticism among limited partners regarding fund restructurings and recapitalisations, according to Oregon State Treasury’s Sam Green.

The Canadian pension giant has emerged as the buyer of stakes in Apollo Global Management and Blackstone-managed funds, Secondaries Investor has learned.

The bill imposes more requirements on California-based public pensions to disclose private equity fees and was passed into law at the end of August.

The $7bn Californian pension has allocated two-thirds of its portfolio to private assets and has previously committed to secondaries funds.

Recent failed restructurings have not been in vain: secondaries is an evolving industry and learning from its early missteps.

The $2.7bn pension, which has previously invested in secondaries through funds managed by Landmark Partners, backed NB Alternatives' predecessor fund.

Garry Beaton has joined the $773bn sovereign wealth fund from emerging markets investment manager Ashmore Group.

The founder of Eaton Partners, which has worked on Landmark Partners' and Partners Group's fundraising, says the proliferation of sovereign wealth funds as private equity investors helps offset pension fund bans on placement agents.

The US's largest public pension's secondaries strategy outperformed all others across three, five and 10-year periods.