NYC Pensions Sell $5B in Private Equity Secondaries to Blackstone
The sale received interest from more than 80 potential bidders.
Manager Selection
Nest Seeds New Infrastructure Debt Fund With $708M Investment
The U.K. pension and IFM Investors intend to focus on the European market.
NBIM Commits $800M to Blackstone Logistics Real Estate Fund
The strategy will invest in warehouse properties across the U.S. and Canada.
CalSTRS Invests in ABS Global Investments’ Emerging Markets Platform
The $3.7 billion strategy works with local specialists to target stocks in emerging market countries and regions.
Maryland Pension, Barings Form Partnership for Infrastructure, Emerging Managers
The Maryland State Retirement and Pension System will join forces with the asset manager to launch a $250 million real assets program.
CalSTRS Chooses Nuveen for $150M Self-Storage Mandate
A new commitment from the California teachers’ pension fund’s $46 billion real estate portfolio was announced.
CalPERS, CalSTRS to Host Emerging, Diverse Managers Conference
The two-day forum will be held in Sacramento in May.
NBIM Appoints Nicolai Tangen to 2nd Term as CEO
Originally named to the post in 2020, Tangen will serve another five years managing Norway’s $1.8 trillion sovereign wealth fund.
UK Pension Replaces State Street With Invesco, Amundi for $35B Mandate
The $40 billion People’s Pension’s moved the vast majority of its assets away from State Street Global Advisors to stay aligned with the fund’s responsible-investment policy.
Illinois Police Pension Narrows Private Markets Consultant Pick to Albourne, Callan
IPOPIF plans to allocate 20% of its portfolio to alternative investments, up from no current allocation to these asset classes.
Inaugural Emerging Managers Week to Kick Off in February
The week of conferences is intended to provide a platform and networking opportunities for diverse-owned and emerging management firms.
New York Common Leads All US Public Pension Funds in Commitments to Diverse Firms
An NAIC report also found corporate pensions and union funds ‘lag significantly’ behind public pensions in hiring diverse managers.
Indiana Fund Narrows Finalists to Replace BlackRock
Under state law, the pension fund is required to replace service providers if they are determined to have made ESG commitments.
NYC Pensions Counter Anti-DEI Rhetoric With $23.1B Invested in Diverse Firms
CIO Steven Meier aims to set a ‘powerful example’ that diversity is fundamental to fiduciary duty.
SDCERA Seeks Investment Consultant
The San Diego County pension issued a request for proposal, with submissions due by December 13.