Private Equity
Ownership or interest in a company that is not publicly listed.
It is often a direct investment into a company to gain significant control and influence over the company’s operations.
Types of Private Equity Fund Managers
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Leveraged Buyout
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Venture Capital (early stage companies)
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Growth Capital (late stage venture companies)
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Real Estate
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Infrastructure
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Fund of Funds
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Co-Investment
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Distressed PE
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Secondaries
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Why Invest in Private Equity?
Over a ten-year period, private equity has outperformed traditional public equity markets and has been used to diversify portfolio risk. Historically investors have seen a return of 4-5% in excess of public equities over the long term.
INVESTING IN PRIVATE EQUITY; JP MORGAN ASSET MANAGEMENT
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Types of Institutional Investors
Public Pension Funds (43%)
Asset Manager (13%)
Insurance Companies (13%)
Sovereign Wealth Funds (7%)
Endowments (5%)
Other Institutions Include: Private Pensions, Foundations, Banks, Family offices
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Leading Private Equity LPs
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CPP Investment Board (Public Pension) Toronto, Canada – AUM 281Bn
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ADIA (Sovereign Wealth Fund) Abu Dhabi, UAE – AUM 792Bn
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GIC (Sovereign Wealth Fund) Singapore – AUM 350Bn
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CalPERS (Public Pension) Sacramento, US – AUM 305Bn
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APG (Asset Manager) Heerlen, Nertherlands – AUM 432Bn
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Ontario Teachers Pension Plan (Public Pension) Toronto, Canada – AUM 124Bn
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CDPQ (Public Pension) Montreal, Canada – AUM 188Bn
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Washington State Investment Board (Public Pension) Olympia, US – AUM 84Bn
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National Pension Service (Public Pension) Seoul, South Korea – AUM 461Bn
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CalSTRS (Public Pension) Sacramento, US – AUM 192Bn
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John Hancock (Asset Manager) Boston, US – AUM 400Bn
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Teacher Retirement System of Texas (Public Pension) Austin, US – AUM 133Bn
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New York State Common (Public Pension) Albany, US – AUM 179Bn
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Oregon State Treasury (Public Pension) Salem, US – AUM 70Bn
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TIAA (Private Pension) New York, US – AUM 889Bn
PREQIN SPECIAL REPORT: THE PRIVATE EQUITY TOP 100
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State of Private Equity Fundraising
PRIVATE EQUITY SHATTERS POST-CRISIS RECORD; Private Equity International
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US PRIVATE EQUITY FUNDRAISING SWELLS; Reuters
WHY PE FUNDRAISING IS FOCUSED ON MIDDLE-MARKET; Generational Equity
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Articles of Interest
PRIVATE EQUITY IS STARTING 2020 WITH MORE CASH THAN EVER; Bloomberg