For asset allocators to unlisted investments
How long should private markets stay in DC portfolios?
As private markets become established within DC portfolios, the next challenge is to determine how long members should remain invested after they reach retirement.
Real assets move into DC growth portfolios
Infrastructure and real estate are increasingly being viewed as growth assets rather than portfolio diversifiers, with investors arguing they can play a much larger role in improving long-term retirement outcomes.
UK productive finance presents untapped opportunities
The challenge is ensuring domestic DC pension capital participates in the growth of British businesses.
DC funds plot new course for private markets
Private markets have won a place in DC portfolios. Now schemes face the more difficult challenge of deploying capital at scale while balancing returns, fees, governance and growing political expectations.
How L&G’s annuity portfolio is evolving
Roman Hederer explains how the UK insurer is adapting its annuity strategy through private markets, productive finance and new sourcing partnerships.
The GP-led secondary market: Scaling with relationship capital
By Dennis Scharf, managing director, secondary investments, Hamilton Lane
Energy investors shift focus to demand-side assets
Infrastructure investors are increasingly targeting batteries, heat pumps and data centres as volatile power markets, electrification and rising digital demand reshape the infrastructure landscape.
Insurers see value in private credit as risks come into focus
Private credit continues to offer attractive risk-adjusted returns, but manager selection and underwriting discipline will become increasingly important.
Issues
Upcoming conferences
Private Markets Profile’s Private Credit Forum
-
Saddlers' Hall, 40 Gutter Ln, London, EC2V 6BR,
Room151’s LGPS Private Markets Forum
-
Park Regis, Birmingham, B15 1DT,
Credit check
Institutional investors remain committed to private credit despite mounting scrutiny of the asset class, but are becoming more selective around underwriting standards and manager quality.
Continuous improvement
GP-led continuation vehicles are emerging as an increasingly mainstream solution for private equity firms seeking to hold prized assets for longer while returning capital to investors. But as volumes rise, so do questions around pricing, governance and alignment.
Mansion House moves into execution phase
Pensions UK says the focus must now shift from headline commitments to the practical mechanics of deploying long-term capital into UK venture, infrastructure and…
Why timberland belongs in every Mansion House Accord-aligned portfolio
After deciding to commit to the accord, the harder question is where to allocate capital, says Steven King.
Brunel’s legacy
As Brunel Pension Partnership prepares to disband, private markets portfolio manager Jaime Alvarez-Dominguez reflects on the challenges it faced, what it achieved and lessons for the next phase of LGPS consolidation.
Most popular articles
Ludovic Phalippou on fees, benchmarks and the myths of private equity
Oxford professor argues private equity’s claims of outperformance rest on fragile foundations, from distorted benchmarks and opaque fee structures to the illusion of an illiquidity premium.
Inside NATO’s push to build a DSR tech venture ecosystem
The €1bn NATO Innovation Fund is deploying venture capital to support dual-use technologies, as governments seek to accelerate defence, stability and resilience innovation.
USS provides masterclass in private markets
The UK’s leading non-governmental DB pension scheme investor in private markets talks to PMP about building its exposures over almost twenty years
Insurers see value in private credit as risks come into focus
Private credit continues to offer attractive risk-adjusted returns, but manager selection and underwriting discipline will become increasingly important.
Why surplus LGPS funds should address the housing shortage
UK housing offers one of the clearest routes to deploy surpluses at scale while meeting both financial and political expectations
Defence, security and resilience: A growing opportunity
The rise of dual-use technologies is blurring the line between commercial and defence markets, creating new growth pathways for UK SMEs and a broader opportunity set for investors, say Andy Bloxam and Matt Smith of Foresight.
Vestd enters PISCES market with no-intermediary model
New operator joins a growing cohort including the London Stock Exchange and JP Jenkins as the UK’s intermittent private markets framework takes shape.
Schroders Capital accelerates UK VC strategy
Head of UK venture talks to PMP about the manager’s aim of channelling DC pension capital into high-growth technology and life sciences companies.
Private market opportunities boost sustainable fund demand
A survey from Morgan Stanley shows investor interest in sustainable investment is being shaped by the attributes of private markets and long-term performance metrics
LGPS funds utilise £8bn private markets carbon divestment loophole
While many of the UK’s LGPS funds have pledged to divest from fossil fuels, they continue to fund oil and gas through their private market holdings, an investigation has revealed
JP Jenkins reflects on first PISCES auction
After completing the first auction under the framework, JP Jenkins director Dan Foster explains how it works, who it suits and what comes next.
European PE liquidity options under pressure
The Iran conflict is putting pressure on private equity, with sponsor-to-sponsor transactions dominating activity
Defence and Security Investing Summit report
Institutional investors are reassessing defence, security and resilience as geopolitical risk reshapes markets, ESG frameworks and private market opportunities.
How TPTIM approaches the Mansion House Accord
TPT Investment Management investment director sets out his thinking on making allocations to meet government objectives – and do best by members