Home Performance
Performance
The asset class has generated a net return of 9.9% over the last year, with GIP II its top performing fund, returning a net 15.88%.
CIO Robert 'Vince' Smith talks about infra's strong performance and why he wants more of it to help round out the $21.5bn endowment's real return portfolio.
The Pennsylvanian pension scheme wants to clarify the impact of manager fees on returns and increase the transparency of fee reporting.
Research suggests the ‘Canada Model’ for pension fund management can lead to superior returns.
Bridging facilities are now being used not just for more efficient deal execution, but also to get proceeds into the hands of LPs quicker.
Soaring demand for infrastructure, together with a limited supply of assets, has led to high prices and yield compression. Maven Libera director Megan Raynal explains how investors are reacting.
Some LPs are concerned about managers traditionally active in the PPP/PFI space branching out into other areas of core infrastructure and renewables.
The $209bn pension fund said short-term returns are not ‘particularly significant’ for the assets and expects greater cash flow over the long term.
Fund pledges a total of £38m to four infrastructure investors, including Hermes II which hit a first close in recent weeks.
The sovereign fund says heightened competition has pushed investors towards emerging markets and blurred boundaries with private equity.