China-focused private equity firms are struggling for new cash, hit by increased skepticism among U.S. pension funds and endowments about the growing political and market risks of Asia’s largest economy.
With the stock market closed and sanctions imposed, investors were told to assume that billions of dollars in Russian assets had become essentially worthless.
As growth in data use continues, institutional investors in the private real estate markets are allocating an increasing amount of capital to the sector, says James Jacobs, head of real estate for Lazard’s private capital advisory group.
State pension funds should be barred from considering social and environmental factors in their investment decisions, a conservative association said in a push for new state legislation that would clash with the financial industry’s efforts to focus on greener investments.