UK - The £4.5bn West Yorkshire Pension Fund has appointed five fund managers for its investment in private equity.
Two portfolios, worth £15m each, will be invested by Goldman Sachs Private Equity and HarbourVest Partners, while Schroder Ventures and Barclays Capital will manage £10m each. JP Morgan got £13m.
Two months ago, the fund awarded a £15m segregated private equity brief to Aberdeen Murray Johnstone Private Equity.
By moving funds out of its cash portfolio, the West Yorkshire Pension Fund will increase its private equity brief from 0.6% to 2%.
By Janet Du Chenne
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers