co-investment

BCI, HSBC Asset Management and Mark Weisdorf Associates talk about what it takes to build and run effective direct and co-investment programmes and how they are faring amid covid-19.

The fund has sub-vehicles investing in asset classes such as PE, debt and infrastructure, each of which can commit 30% to secondaries.

CalSTRS’ $500m commitment to IFM Investors was 2012’s largest allocation to an infra vehicle and offered a taste of the fundraising heights to come. 

Median co-investment returns have plummeted from a high of 56% in 2003, according to data from CEPRES.

Country’s institutions expect GPs to customise their communications when seeking investors’ business and capital.

European secondaries specialist Ardian will act as anchor investor and offer current partners the opportunity to become LPs alongside it, a source said.

The fund will invest $70m immediately in the company’s existing portfolio of six metropolitan data centres, with a further $45m available for future co-investments.

The Australian firm’s head of infrastructure equity for the Americas, Dylan Foo, will lead the new initiative while continuing in his current role.

The South Korean public pension fund has increased its AUM exposure to the asset class from 5% to nearly 7% during 2018.

The pension could one day acquire a fund or specialist manager in the infrastructure, agriculture or timber sectors, although it has no imminent plans to do so.