Ohio retirement fund commits $25m to China-focused fund

By
Posted

The State Teachers Retirement System of Ohio (STRS Ohio) recently made two new commitments to alternative investment funds totalling $225 million.

Malaysia’s government-linked funds PNB, KWAP eye bigger PE play

By

PNB is also looking to increase its global asset allocation from the current two per cent to four per cent.


Singapore wealth fund GIC bullish about opportunities in Brazil

By

GIC invests 3% of its resources in Latin America, 32% in the US, 19% in Asia (excluding Japan) and 13% in the Euro-zone.


PE major Carlyle to acquire 10% in China’s Luolai Lifestyle for $108m

By

Carlyle and its affiliates are entitled to purchase up to 20 per cent of the Chinese firm’s equity in the future.


Columbia’s Asia hospital business draws interest from KKR, CVC

By

A potential sale of the business could fetch as much as $2 billion.


Canadian pension fund CPPIB eyes opening first office in China

By

Canada’s largest pension fund investor could open an office in Beijing as soon as next year.


True Incube joins Korea Venture, LINE Games to set up PE fund

By

The fund will seek opportunities to invest in high potential companies, focusing on games and technology.


Novo Tellus becomes largest shareholder in Procurri with 29.6% stake

By

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.


US pension fund CalPERS approves direct PE investment plan

By

The plan involves investing up to $20 billion or more over 10 years in private companies.


Abu Dhabi state investor commits $500m to PE veteran’s credit venture

By

ADIA has backed a new firm launched by Thomas Lee of Lee Equity Partners and CIFC founder Peter Gleysteen to issue collateralized loan obligations.