US - CalPERS has committed US$50m to Advent Latin American Private Equity Fund III, LP, which invests primarily in companies in Mexico, Brazil, and Argentina.
The news comes after CalPERS planned to invest $3bn per year into private equity to maintain a 6% weighting.
The Fund will make buyout, growth equity, recapitalisation, and restructuring investments in profitable countries in the region’s emerging and established markets.
It is currently invested in 25 companies with a combined enterprise value of more than $1bn.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.