Germany’s Kenfo to up private markets allocation to 30% while cutting PE exposure

Kenfo, Germany’s sovereign wealth fund, is shifting its investment strategy by boosting its allocation to private markets from 25% to 30% over the next two years. This move prioritizes infrastructure and real estate investments while taking a more cautious stance on private equity. The shift underscores Kenfo's intent to diversify its portfolio and potentially leverage the growth potential in private markets. This strategic pivot could signal a broader trend among sovereign funds to adapt to changing economic landscapes and capitalize on emerging investment opportunities.