Investing in Private Equity in ’23 Could Prove Challenging to Over-Allocated Institutions
Expected shortfall in distributions and tough
secondary market may lead to reduced commitments.
Expected shortfall in distributions and tough
secondary market may lead to reduced commitments.
With investment firms seeking to attract
trillions from smaller investors, large allocators could have co-investment
opportunities, fee cuts reduced.
Plan
has allocated more than 25% of $1B program; also seeks to diversify
international equity portfolio.
Private markets giant invests in digital private
market exchange, adds head of digital assets.
As
the denominator effect hits more institutions than usual, it may crimp investors
and make it more difficult for GPs to raise funds.
The pension fund is seeking to
select a firm by early June.