Japan's GPIF appoints Hamilton Lane Advisors as fund of funds manager for PE mandate

Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, announced Wednesday it has appointed Hamilton Lane Advisors as the fund of funds manager for its private equity mandate, under the “global-diversified” category.

“GPIF has appointed an investment manager following the RFP (request for proposal) launched in April 2017 to implement alternative investments ‘Multi-Manager’ strategy for this asset class through a fund of funds to pursue fund investments and co-investments,” the pension fund said in a statement released on its website.

Mitsubishi UFJ Trust and Banking Corporation has been appointed as the gatekeeper or a specialist adviser who assists institutional investors in their PE allocation decisions.

The Tokyo-based pension fund’s assets stood at 167.5 trillion yen ($1.6 trillion) as at end of September.

As at end of September, the percentage of the alternative investments was at 0.60%, within the maximum 5% of the total portfolio, according to its investment results report for the second quarter of the fiscal year 2020.