Private investment pay: heading for a dip?

With allocations to private markets steadily rising, executives at insurance firms worry that the illiquidity premium of such assets may be being eroded.

Sovereign wealth funds may have hit ‘peak allocation’ to illiquid assets, for now at least, but are increasingly making non-core private investments, finds new research.

The $187 billion public pension fund is to double its emerging-markets exposure, with Asia a priority. It has set up an India office and hired its first heads for South Asia and Asia-Pacific infrastructure.

The Thai pension fund's head of private markets believes high valuations across unlisted markets poses challenges for investors seeking superior returns from alternative assets.