Exclusive: CalPERS Aims to Advance Private Equity Plan
Investment committee members may vote on the plan in two weeks.
Tag: Private Equity
Alternatives
Ontario’s Direct Investment Model Helped ‘Buffer the Impact’ of Global Market Downturns
Strong returns in the system’s infrastructure and private equity strategies pull it out of negative territory for year.
Private Equity Fundraising Expected to Slow in 2019
Preqin report says high pricing is putting pressure on future returns.
CalPERS CIO Says Pension Plan Must Create New Private Equity Organization
Plan is essential if CalPERS wants to avoid increasing its approximate $140 billion unfunded liability, Meng says.
Asset Allocation
Washington State Makes $1.6 Billion in Private Market Commitments
The new commitments are part of the plan to keep private market investments to around 40% of the fund.
Alternatives
Canadian Pension’s ‘Pivotal Year’ Drives Substantial Progress for Its Alternative Strategies
Robust international portfolio delivered $9 billion in 2018.
Newsmakers
Nebraska’s Chief Investor Discusses His Conservative Approach to Alternative Investors
State council also outlines private equity pacing plan with re-ups to existing managers.
Asset Allocation
Texas Municipal Makes $500 Million in New Commitments
Private equity commitments totaled $300 million, part of an effort to boost the asset class.
Asset Allocation
Consultant’s ‘Less Optimistic’ View of Equities Leads Massachusetts to Consider Portfolio Re-Allocation
Board considers ‘incremental increases’ to private markets exposure to deliver long-term benefits.
Asset Allocation
CalPERS Continues to Make New Private Equity Commitments
The largest US pension plan made more than $1.35 billion in new commitments in private equity funds in the last quarter of 2018.
Asset Allocation
Lagged Manager Activity Impacts New Hampshire’s Private Pacing Plan
Consultant recommends the pension complete between $300 million to $400 million of new commitments per vintage year for the next several years.
New York Closes Out Year with over $15 Billion in Transactions
Private equity sees the biggest contributions, with more than $7 billion committed.
Asset Allocation
Oregon to Invest Up to $3.5 Billion in Private Equity in 2019
Plans to relaunch revised co-investment program and beef up PE team.
Alternatives Make Up Majority of Family Office Portfolio
Survey finds alternatives generated 10.2% average return in 2018.
CalSTRS Wants to Double Co-Investments
Co-investments only make up around 5% of the CalSTRS private equity portfolio but additional investments may help build up the overall private equity program.