The latest meeting of the Risk Classification Commission (CCR) introduced a series of new managers and funds into the investable universe of Chilean pension funds, including four alternative investment firms: HarbourVest Partners, Kohlberg & Company, Nautic Partners, and PSG Equity.
The approval includes investment vehicles and co-investment operations with these managers for specific asset classes, as detailed in a statement. HarbourVest, a private markets manager with a variety of strategies and more than $127 billion in assets, was approved for infrastructure investments.
The other three managers were approved for private equity investments. Kohlberg & Company is focused on private equity with an emphasis on the middle market segment, similar to Nautic, while PSG Equity specializes in investing in growth-stage software companies.
The CCR also approved two mutual funds domiciled in Ireland: Lazard Japanese Strategic Equity, from Lazard Global Active Funds, and Muzinich Global Market Duration Investment Grade, managed by Muzinich Funds.
In addition, five ETFs were given the green light to enter the pension fund portfolios. One of them is Fidelity UCITS’ Fidelity Global Quality Income, and the others are vehicles from Janus Henderson: the AAA CLO, B-BBB CLO, Mortgage-Backed Securities, and Short Duration Income strategies.
On the other hand, two alternative managers were removed from the list of approved instruments. AEA Investors, a private equity firm, was withdrawn at the manager’s request, while Energy Capital Partners did not renew its application.
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