PE Tech Report

Flows

AIFs and UCITS saw large net outflows in 2022, says EFAMA

AIFs and UCITS saw net outflows of €278 billion in 2022, compared to net inflows of €888 billion in 2021, according to the latest monthly Investment Fund Industry Fact Sheet Net from the European Fund and Asset Management Association (EFAMA). Assets of European investment funds meanwhile, declined by 12.4%, to drop

DE Shaw closes first dedicated PE fund

Quant trading specialist DE Shaw & Co has closed its first dedicated private equity fund with more than $450 million in capital commitments, falling just sort of the fund’s $500 million target, which was set a year ago, according to a report by Bloomberg.

NEA closes health and tech VC funds at combined $6.2bn

New Enterprise Associates has closed two tech and health-focussed venture capital investments funds with approximately $6.2 billion in capital commitments, bringing the firm’s assets under management to over $25 billion as of 31 December, 2022. 

TPT Retirement Solutions DC Master Trust to make c£75m impact investment

TPT Retirement Solutions, a UK-based workplace pension scheme, is to make a c£75 million impact investment through its defined contribution (DC) Master Trust default fund. Members of TPT’s DC default investment strategy, whose investments are advised by AllianceBernstein, will over the long-term, increasingly see their pensions allocated to investments nurturing

PennSERS commits additional $125m to Sentinel PE funds

The Pennsylvania State Employees’ Retirement System (PennSERS) has made an additional commitment of up to $125 million to two private equity funds managed by Sentinel Capital Partners, according to a report by Pension & Investments. The report cites an email from spokeswoman Pamela Hill as confirming that an allocation of

Taiwan Life and Cathay Life make new capital commitments to VC and PE funds

Taiwanwese Insurers Taiwan Life and Cathay Life have both made new capital commitments to venture capital and private equity funds – Taiwan Life US20 million to to the latest venture capital vehicle of local VC firm Taiwania Capital, and Cathay Life Insurance $30 million to private equity fund Platinum Equity

HarbourVest secures PE mandate from NEST

HarbourVest has been granted a new investment mandate by the National Employment Savings Trust (NEST) as part of the UK workplace pension scheme’s commitment to invest £1.5 billion (€1.8bn) in private equity by early 2025. A new, bespoke HarbourVest Partners’ fund will invest in co-investment opportunities on NEST’s behalf and

Canada Pension Plan makes first Colombian PE investment

The $431.7 billion Canada Pension Plan Investment Board has made its first foray into the Colombian private equity market with an $334 million investment in discount grocery store D1, according to a report by chief investment officer. Canada Pension plan has acquired 19.3% stake in the business, which was previously

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