Here’s something we didn’t expect. TCorp, the NSW government’s investment arm, is finally ready to join the world of private equity.TCorp manages $127 billion in assets for the state, has been investing for decades, and will start with an allocation to private equity of about $2 billion split across existing private equity funds, new funds and co-investments.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
This public sector asset manager takes a look at PE’s bargain bin
TCorp manages about $127 billion for the NSW government, and is preparing to join the world of private equity to broaden its exposure to artificial intelligence.
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