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The world's largest pension plan has issued an RFP for investment consultants to advise on its underweight alternatives portfolio.

The Californian pension, which is planning to target lower risk strategies, is exploring the sale of fund interests from its $26bn real estate holdings.

The advisory firm has relocated two staff from its London headquarters and added an executive from Portfolio Advisors.

The direct secondaries firm, which is planning to open a Mumbai office, has made a $21m investment in construction and engineering companies in India.

Market dislocations and volatility after the Brexit vote led to quarterly revenue from the firm's capital advisory business being 'quite soft'.

Hamilton Lane and Adveq are among firms who are increasingly using data to enhance fundraising and risk management.

The pension has committed $30m in total to funds of funds managed by the two firms which invest make both secondaries and primary investments.

Industry players at PEI's Private Fund Finance and Compliance Forum in San Francisco predict closing the carried interest loophole will be an immediate priority for the incoming US president.

The global investment firm was the biggest investor in a deal that involved ABS' 2009 and 2012-vintage funds, Secondaries Investor has learned.

The niche secondaries firm acquired over 95% of shares in the London-listed private equity fund of funds in a friendly takeover deal.