British Columbia Investment Management Moves into Home Franchisor
Institutional
investor sees value in company providing an array of home services.
Institutional
investor sees value in company providing an array of home services.
System
in rare position to not only pursue fund stakes, but also do more co-investing.
New asset
allocation strategy ups target to private equity to 15%, doubles target for
private credit to 10%.
allocation strategy ups target to private equity to 15%, doubles target for
private credit to 10%.
Plan also seeks to give leadership more authority to
approve fund investments, co-investments, and secondary transactions.
Oregon Public
Employees Retirement Fund, Maine Public Employee Retirement System and the New
Mexico Educational Retirement Board among those who benefitted from being overallocated
to PE.
Jonas Nyquist leaves Saudi Aramco investment subsidiary to start own
firm.Jonas Nyquist leaves Saudi Aramco investment subsidiary to start own
firm.
System
is currently limited to 20% of its allocation in private equity, credit, hedge
funds and infrastructure.
System, though, remains active in the asset class,
deploying $5.1B in the first half of ’22.
With investment firms seeking to attract
trillions from smaller investors, large allocators could have co-investment
opportunities, fee cuts reduced.
System
posts listings for two new roles; individuals would report to Deputy CIO Scott
Chan.