ROUND-UP
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April, 2019
Fund for private equity secondaries raises £283 million
BEX Capital, a new investment firm focusing on fund-of-fund (FoF) secondaries has announced the close of the BEX Fund III, having raised $365 million (£283 million) in four months. The fund will take positions in private equity FoFs, secondary funds and co-investment funds, with a bias towards mature markets and assets. BEX Capital said the fund was ...
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April, 2019
MSCI launches new analytics platform
Data and analysis provider MSCI has launched a new open analytics platform, MSCI Beon, for the investment industry. MSCI said that using different data on different systems can reduce the value for data for decision-making, risk management and operational uses. To overcome this challenge, it has created MSCI Beon as an open platform that can use different ...
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April, 2019
NN IP brings out short duration green bond fund
NN Investment Partners (NN IP) has developed a green bond fund with a shorter duration of around two years, which it said contrasts with interest rate sensitivity of at least five years for other green bond funds. With a shorter duration, NN IP said the fund would be suited to investors looking for protection against rising interest rates while seeking to ...
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April, 2019
Atlas Master Trust allocates to Schroder’s ESG systematic fund
The Atlas Master Trust, one of the UK’s largest master trusts for DC pensions, has allocated £320 million to a sustainable multi-factor equity fund run by Schroders. The allocation represents all of the core equity allocation in three multi-asset funds run by Atlas, which are part of its default lifestyle strategy for DC members. Schroders said that ...
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April, 2019
Brunel commits £46 million to PE impact fund
Brunel Pension Partnership has committed $60 million (£46 million) to a private equity impact fund with fund manager Neuberger Berman, for four of its underlying pool members. Brunel said that it made the investment because it saw it as an excellent investment opportunity, rather than for a specific impact mandate. Brunel’s head of private markets, ...
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April, 2019
MPG Launches diversified high-yield debt fund
Managing Partners Group (MPG) has launched a new fund to invest in a diversified portfolio of fixed income and high-yield debt securities. The Melius Fixed Income Fund aims to give institutional and high-net-worth investors long-term, absolute returns from a blend of investment grade bonds, high-yield debt and listed and unlisted asset-backed securities. ...
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February, 2019
Hearthstone closes private equity fund with above target results
Hearthstone Investment Management Limited, an institutional investment manager specialising in UK residential property (private rented sector), has announced the final close above target of its 10 year closed-ended private equity fund, Hearthstone Residential Fund 1 (HRF1), with just over £200 million. The Merseyside Pension Fund and the Tyne and Wear ...
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February, 2019
Baillie Gifford launches unicorn fund
Scottish fund manager Baillie Gifford has launched a new fund for institutional investors that will target “unicorn” businesses, or new tech start-ups which reach a valuation of $1 billion will still remaining privately owned. The fund, called the Schiehallion Fund after a Scottish munro, or hill over 3,000 feet high, has been set up as a closed-end ...
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February, 2019
Tabula brings out high yield ETF for credit hedging
European fixed income manager Tabula Investment Management has launched an exchange-traded fund (ETF), the New European Credit UCITS ETF, for investors looking to hedge their exposure to high yield credit. The ETF acts as a liquid instrument to hedge against the iTraxx Crossover CDS Index of 75 sub-investment grade names. Tabula said that the ETF gives ...
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February, 2019
Pictet alternative advisors adds direct real estate investment strategy
Pictet Alternative Advisors, Pictet Group’s wholly owned alternative investment company, is adding a direct real estate fund to its range of alternative strategies. The real estate fund will invest in European real estate assets and related companies across the full range of property sectors, including offices, residential, light industrial and student ...
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