For asset allocators to unlisted investments
Renewables enter a new investment cycle
Higher prospective returns from established renewable assets, emerging opportunities in storage and hydrogen, and the prospect of DB schemes selling infrastructure holdings are creating new opportunities for pension investors.
Bell stands by private markets ambitions despite mandation defeat
Pensions minister Torsten Bell has insisted the government remains committed to increasing pension fund investment in UK private markets, despite losing the political battle for sweeping powers to direct pension savings
DB schemes rediscover appetite for private markets
Some defined benefit pension schemes are reconsidering private markets allocations as they explore running on rather than pursuing buyout, potentially creating opportunities to acquire assets from schemes seeking liquidity, according to Schroders.
DC asset ownership model opens door to private markets boost
Larger UK pension schemes could unlock billions in private markets investment. Research from People’s Pension and Invesco suggests adopting a model that focuses on governance, investment expertise and manager partnerships would support success.
Assessing risks beneath the returns
As the investment environment becomes more challenging, LGPS investors are taking a closer look at the risks embedded in their private equity and credit portfolios. Manager selection, diversification and liquidity are coming under greater scrutiny.
Wealth management faces private equity exit test
An approaching wave of exits from private equity-backed wealth management platforms will test investor appetite and the sustainability of buy-and-build strategies, according to Dyer Baade & Company chief executive Daniel Baade.
Solving the insurer’s risk–return equation
As insurers explore new opportunities across structured credit and AI infrastructure, Standard Life’s Michela Bariletti argues that understanding underlying risks and maintaining underwriting discipline are essential to finding value.
Insurers’ widening capability gap
Solvency UK has opened up new investment opportunities for insurers, but Marsh Investments’ Joshay Harkoo argues that the ability to exploit them will increasingly depend on governance, operational capabilities and effective risk management.
Issues
LGPS pooling and collaboration gathers pace
The growing scale of LGPS investment pools is creating new opportunities for strategic partnerships, co-investment and specialist expertise, although greater responsibilities are also creating fresh challenges.
Rethinking the DC glide path
Longer retirements and the growth of guided retirement are challenging conventional approaches to DC de-risking, as schemes consider how much investment risk members should continue to take after they stop working.
How to utilise private markets during DC decumulation
Longer retirements can support continued allocations to private markets, but decumulation places greater emphasis on cashflows, liquidity and the ability to respond to changing member needs.
What is holding back UK pension fund allocations?
UK pension schemes are increasingly willing to invest in private markets. New research from The Pensions Regulator suggests the challenge is turning that appetite…
Infrastructure’s shifting foundations
The definition of infrastructure is expanding rapidly as digitalisation and the energy transition create new investment opportunities. PIC’s Radim Radkovsky explains why investors increasingly need to look beyond the physical asset to the cash flows and underlying risks.
Turning research into riches
Northern Gritstone chief executive Duncan Johnson believes creating globally significant companies requires much more than capital. He talks to PMP about clusters, talent, investment discipline, infrastructure and the opportunity presented by defence.
Most popular articles
Insurers’ widening capability gap
Solvency UK has opened up new investment opportunities for insurers, but Marsh Investments’ Joshay Harkoo argues that the ability to exploit them will increasingly depend on governance, operational capabilities and effective risk management.
Aon MasterTrust embarks on its private markets journey
CIO explains the scheme’s plans to introduce private markets to its default funds, using new LTAFs to balance liquidity, cost and impact
LGPS pooling and collaboration gathers pace
The growing scale of LGPS investment pools is creating new opportunities for strategic partnerships, co-investment and specialist expertise, although greater responsibilities are also creating fresh challenges.
Infrastructure’s shifting foundations
The definition of infrastructure is expanding rapidly as digitalisation and the energy transition create new investment opportunities. PIC’s Radim Radkovsky explains why investors increasingly need to look beyond the physical asset to the cash flows and underlying risks.
The CEF governance advantage
Charities, endowments and foundations have greater freedom to act than many other institutional investors. Making use of it requires governance built around their own…
How to ensure real-world climate impact
Scrutiny of ESG is prompting charities, foundations and endowments to look more closely at what their climate strategies actually achieve – and where their capital can make the greatest difference.
Private markets are worth the work for CEF sector
Private markets can broaden the opportunity set for charities foundations and endowments while offering greater scope for impact and influence. But investors need to overcome challenges around governance, liquidity, costs and implementation to capture those benefits.
Insurers strengthen their commitment to private markets
Insurers may have been hesitant to embrace private markets, but the attributes of private credit and other asset classes are leading to larger allocations.
Positioning for private markets’ next phase
StepStone’s Mike Elio sees institutional capital becoming more selective as investors seek better routes to liquidity and reassess where future opportunities lie.
Unlocking natural capital value
Institutional investors seeking resilient, future-focused portfolios are increasingly turning to timberland – a real asset that combines climate resilience, biodiversity benefits, and long-term value creation. By Thomas Sarno Global Head of Timberland Investments
The architecture of ambition
Britain already has the ingredients for stronger growth. Sir Nigel Wilson explains why long-term thinking, ambition and productive investment are the keys to turning that potential into reality.
Infrastructure debt’s growing role in LGPS portfolios
As schemes seek resilient income and greater diversification, infrastructure debt is emerging as a compelling way to access long-term returns while helping to manage portfolio risk
In perspective: charities & endowments
There is no one blueprint for investing in private markets. We asked three investment leaders from across the charities, endowments and foundations sector the same four questions, revealing where their thinking converges – and where it differs.
Built for yesterday’s climate
Why physical climate resilience is becoming part of prudent infrastructure underwriting. By Rhyadd Keaney-Watkins, Managing Director and Head of ESG.