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Low interest rates, underallocation issues and impressive performance have caused the appetite for the asset class to surge.
LPs have adapted well to a virtual world but are wary of backing new manager relationships.
The UAE pipelines purchase – one of the largest deals of the year – brings GIP III close to full deployment, as the fund suffers the effects of the coronavirus pandemic.
In infrastructure, renewables was the top sub-sector attracting LP interest, followed by telecoms and digital infra.
The latest oil crisis is showing long-term investors how closely these assets are tied to commodity price volatility. But they also need to think of the implications of some of these commodities' being on their way out.
The global epidemic has wiped at least $1.5trn off global stock markets in the past week.
The strong returns were slightly offset by a fall in the fourth quarter, as interest rates began to rise.
A study by HEC Paris and MVision Private Equity Advisers finds that gender diverse investment committee teams outperform all-male teams across several industry metrics.
The Canadian pension said it would continue its large-scale core infrastructure strategies as investors seek ‘higher risk’ assets.
Nearly 150 LPs have committed to GIP IV, which will follow the same strategy as its predecessors and target 15%-20% gross returns.