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 .
Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.
This week's top stories included a Freedom of Information request revealing more than 100,000 savers could face six-figure tax bills as a result of GMP equalisation.
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.