The build-up of our Targeted Impact (TI) private equity / debt and of our real assets allocation is still a work-in-progress. This can be seen in Figure 2.G. which shows that our Private Equity allocation is 9% vs. the long-term target of 25%, and our current Real Assets allocation is 3% vs. the long-term target of 15%. Both segments are expected to increase over time. Meanwhile, we have “parked” our capital in (sustainable and liquid) equity and fixed income strategies, resulting in a temporary overweight of these two asset classes.
