FWD changing its approach to private equity

Hong Kong-based insurer FWD is changing the way it approaches private equity investing against a backdrop of investors continuing to chase private-market assets aggressively even as global monetary conditions tighten. With ultra-low interest rates prevalent for most of the past decade, large investors including Japan’s Government Pension Investment Fund and China Investment Corporation have jumped on the alternatives bandwagon in search of higher returns and that extra piece of al…