Annabelle Ju
Valuations in private equity have soared as an LP concern over the past year, according to a new investor survey.Â
In an interview with sister title PEI, SCRS director of operations and operational due diligence Andrew Chernick and executive director Michael Hitchcock weighed in on the ongoing fee transparency debate and how fee data is used at the $29b retirement system.Â
The Canadian pension fund’s private equity expert Mark Redman is the latest to join the ongoing fee transparency debate, saying that ignorance on carry fees is a ‘failure of accounting.’Â
The Kentucky pension system said the jump in its investment expenses this fiscal year compared to last year was due to change in its accounting methodology and plans to escalate direct investments in 2016.Â
Albert Jun, Sabrina Meng and Kris Ho will join Niklas Amundsson in Hong Kong as part of the placement agent’s Asia expansion.
The Texas pension is launching its first overseas outpost in order to be closer to direct investment opportunities.
Michael Beblo served as director of alternative investments at PA SERS for nearly eight years.
In a possible sign that LP consultants are being influenced by the ongoing fee transparency debate, the Los Angeles Fire & Police Pension System is being advised to keep better track of carried interest payments.Â
Shami Nissan, head of responsible investment at Actis, a firm that specializes in emerging markets, talks about environmental, social and governance policies and value creation.Â
He was described as the ‘prudent ‘senior statesmen’ of KKR,’ contrasting the two other founders.
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