Local government pension schemes are increasingly choosing more expensive alternative investments, including private equity and infrastructure, which is raising the overall fees they pay to asset managers as pension funds seek out higher returns, diversification benefits, and lower investment risk.
BNP Paribas Asset Management (BNPP AM) has held a first close of the BNP Paribas European Infrastructure Debt Fund II (Infra Debt II) with commitments of more than EUR300 million from European institutional investors.
A “paradigm shift” is taking place in institutional investment, according to Syz Capital, which notes that investors are trimming their exposure to traditional assets such as fixed income and cash, to reinvest into alternative assets.
Legal & General Investment Management (LGIM), one of the world’s largest asset managers, has released its tenth annual ‘Active Ownership’ report, which reveals that over the course of 2020, it increased company engagements by 21 per cent and continued to vote globally, opposing the election of more than 4,700 company directors, as it sought to effect positive change at companies in which it invests.
IQ-EQ, an investor services provider, has launched a new Global Private Debt & Credit Desk to enhance its current private debt and credit offering to align more closely with client needs and address continued demand for the asset class worldwide.
Institutional allocations to private markets to rise again in 2021, finds Commonfund investor survey
Institutional investors are planning to increase allocations towards private markets in 2021, with a particular focus on small and medium-sized US private equity funds as well as venture capital, secondary and co-investment funds, according to Commonfund Capital’s fourth annual private markets investor sentiment survey.
BNP Paribas Asset Management makes four new hires in private debt and real assets investment division
BNP Paribas Asset Management (BNPP AM) has strengthened its Private Debt & Real Assets (PDRA) investment division, headed by David Bouchoucha, with four appointments, all based in Paris.
The scale of the corporate restructuring needs globally “could exceed the previous peak seen after the 2008 global financial crisis”, according to a recent note from BlackRock.