FYI: In a break with its historically cautious investment stance, the world’s largest pension fund said last year it would make its first allocations to private equity, real estate and infrastructure.
The move by Japan’s ultra-conservative Government Pension Investment Fund marked the end of resistance to the role of illiquid alternative strategies by institutional investors worldwide.
The growing adoption of alternative strategies, including private equity, private credit, hedge funds, real estate, infrastructure and commodities, is arguably the most important shift under way in the global investment industry.
Regards,
Ted
https://www.ft.com/content/b535da30-448a-34bb-95f7-37ad56338213
