Japan's pension fund GPIF appoints alternative fund-of-funds manager

Japan's pension fund GPIF appoints alternative fund-of-funds manager

Japanese Yen

Japan’s Government Pension Investment Fund (GPIF), the world’s largest of its kind, has appointed the private equity arm of US-based Neuberger Berman Group as the investment manager for its private market mandate.

Texas-headquartered NB Alternatives Advisers LLC has been picked to oversee GPIF’s alternative investments “multi-manager” strategy “through a fund of funds to pursue fund investments and co-investments”, the pension fund said in an announcement.

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