US - CalPERS has earmarked $135 million for investment in a broad range of industries in Canada.
Birch Hill Equity Partners, LP, is raising a third fund targeting up to $850 million for investments in services, entertainment, media, communications, software, energy, healthcare, and manufacturing. Birch Hill was formed from a spinout of TD Capital, a subsidiary of Toronto-Dominion Bank.
Though the figures are not large, the commitment from CalPERS coincides with its pledge of $50m to Advent Latin American Private Equity Fund III, LP, which invests primarily in companies in Mexico, Brazil, and Argentina.
CalPERS plans to invest $3bn per year into private equity .
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.
A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).