Tag Archives: Private Equity

The state of private equity and what it means for pensions

๐Ÿ‡ฌ๐Ÿ‡ง Private Equity Offers Discount Fees As Dealmaking Drought Deters Investors โ–ซSweeteners aimed at big backers โ–ซCut-throat competition for cash โ–ซIndustry fortunes face reversal โ–ซ@william_louch @JosephineCumbo ๐Ÿ‡ฌ๐Ÿ‡ง#frontpagestoday #UK @FinancialTimes pic.twitter.com/sjXBfUpjIg โ€” ๐™ต๐š›๐š˜๐š—๐š ๐™ฟ๐šŠ๐š๐šŽ๐šœ ๐šƒ๐š˜๐š๐šŠ๐šข ๐Ÿ“ฐ (@ukpapers) August 8, 2023 I … Continue reading

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16bn reasons why USS was saved by the discount rate

Saved by the discount rate! โ€” Richard Disney (@RichardDisney) July 26, 2023 Richard Disney’s verdict on the state of the USS pension scheme , which as I mentioned last week, is showing that it lost ยฃ16bn of its asset base … Continue reading

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Illiquids in DC pensions – what’s in it for employers?

I’ve been reading the Productive Finance Working Group’s (PFWG) paper designed to remove the barriers to our workplace DC schemes investing in productive but illiquid investments. They have a tough task ahead of them convincing the purchasers of workplace pensions … Continue reading

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Is leverage in private equity funds ok for pensions?

  I’m troubled by a question we got from Stephen Timms at the WPC meet in November. Timms asked if we knew of any other areas in which the pension market could be facing liquidity risk. I was going to … Continue reading

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Can private markets improve DC outcomes? – We must trust our Trustees.

Private market investments are dark horses. We can see they make people rich but so far, those riches have not been shared with people saving for their own retirement. Lee Hollingsworth asks the reasonable question, “why is private equity so … Continue reading

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PE continuation funds – “greed washing”?

  As the investment of our workplace pensions moves inexorably intoย  private markets, we would do well to understand the perils (as well as the advantages) of using private equity funds and employing the very clever (but sometimes unscrupulous) firms … Continue reading

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Private equity – does the sausage match the sizzle?

  Private markets are being touted as the promised land for retail investors. They off “milk and honey” at a time when the traditional asset classes can barely feed us locusts. At the PLSA conference, some managers I spoke to … Continue reading

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Is Private Equity heading for another Glass-Steagall moment?

    “Nothing short of a moment for private capital” โ€” thatโ€™s how one source described the SECโ€™s proposed rules for hedge funds and private equity. But since the proposals dropped, the buzz has died down. Investors have got other … Continue reading

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Disclosures “contrary to the public interest”

As often happens , my conversations surrounding previous postings attract the attention of people better qualified to write the post. In this case Peter Drewienkiewicz, Chief Investment Officer at consultancy Redington. Here he is responding to a post of mine … Continue reading

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Private Equity has a consumer duty which it can’t ignore.

  Let me disclose my prejudice, I don’t like management consultants, I don’t like the way they pander to the basest instincts of those who employ them and I don’t like the way they are used to justify corporate behavior … Continue reading

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