This public sector asset manager is taking a look at PE’s bargain bin – AFR

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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.
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.
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