U.K. Wealth Fund to Target Private Equity, Infrastructure Investment

London Mayor Boris Johnson’s fledgling British sovereign-wealth fund plans to combine local public pension funds and invest billions of pounds in private equity and infrastructure projects.

GIC’s RAC Investment Signals More Private-Equity Deals to Come

GIC Pte’s investment in U.K. roadside assistance company RAC Ltd. shows the state fund’s commitment to private equity, an asset class that will attract more sovereign funds, according to IHS Global Insight. (INSDHYS)

World’s Biggest Sovereign Fund Needs to Add Risk, Olsen Says

Oeystein Olsen, the governor of Norway’s central bank, said he’s planning to petition the government to allow the nation’s $830 billion wealth fund to cut bond holdings further to help it generate bigger returns.

Why Yale, Harvard And Sovereign Funds Are Changing Their Views On Alternative Assets

You would call them the smartest guys in the room, had Enron not ruined the term for at least a generation.

Neiman Marcus close to changing private equity owners: sources

NEW YORK (Reuters) - A consortium of Ares Management LLC and the Canada Pension Plan Investment Board is in advanced talks to acquire upscale U.S. retailer Neiman Marcus Inc from TPG Capital LP, Warburg Pincus LLC and Leonard Green Partners LP, two people familiar with the matter said on Sunday.

Bain to seek $6 billion for new buyout fund: sources

NEW YORK (Reuters) - Bain Capital LLC aims to raise $6 billion for its new global private equity fund and will offer three options on fees it charges to manage the money, according to people familiar with the matter.