By Nguyen Thi Bich Ngoc
The State Teachers Retirement System of Ohio (STRS Ohio) recently made two new commitments to alternative investment funds totalling $225 million.
PNB is also looking to increase its global asset allocation from the current two per cent to four per cent.
GIC invests 3% of its resources in Latin America, 32% in the US, 19% in Asia (excluding Japan) and 13% in the Euro-zone.
Carlyle and its affiliates are entitled to purchase up to 20 per cent of the Chinese firm’s equity in the future.
A potential sale of the business could fetch as much as $2 billion.
Canada’s largest pension fund investor could open an office in Beijing as soon as next year.
The fund will seek opportunities to invest in high potential companies, focusing on games and technology.
Novo Tellus PE Fund 2 and its co-investor ACT Holdings have exercised a previously announced call option to buy over 36.3m shares in Procurri.
The plan involves investing up to $20 billion or more over 10 years in private companies.
ADIA has backed a new firm launched by Thomas Lee of Lee Equity Partners and CIFC founder Peter Gleysteen to issue collateralized loan obligations.