Pension Funds’ Appetite for Private Equity Grows
Asset class is top choice for US, UK public pensions in Q3
Tag: Private Equity
CalPERS Starts Fiscal Year with Burst of New PE Commitments
If CalPERS can keep pace, it could surpass the $5.3 billion in private equity commitments in the prior fiscal year
CalPERS Global Equity Program Gets a ‘B’
It was a much better grade than the CalPERS Investment Office, which got a ‘D’ because of turnover in senior management.
CalPERS Scraps Outsourcing Private Equity Program
BlackRock and other investment firms were vying to manage all or part of the largest private equity program in the US.
New CalPERS CIO Can’t Start Until January
Yu Ben Meng’s start date is being held up by the Chinese government, which could delay a vote on the launch of a $20 billion direct private equity investment organization.
Risk
Alaska Permanent Fund Increases 2.1% in First Fiscal 2019 Quarter
Private equity, infrastructure investments bring home the bacon while real estate takes a hit.
CalPERS Can’t Find Enough Private Equity Commitments
CalPERS consultant finds without a huge increase in new private equity commitments, the fund will see a declining allocation to the asset class.
Newsmakers
San Francisco Makes $1.1 Billion in Commitments, Mostly to Hedge Funds
Private equity, real estate, and natural resources funds also represented.
Asset Management Culture
Japan Investment Corp. Looks for Global PE Partnerships
State-backed firm’s CEO wants to end ‘prejudice’ against foreign private equity investors in the country.
Washington State Allocates Close to $3 Billion to Private Markets
Majority of commitments go to two private equity funds.
Newsmakers
Two Biggest Pennsylvania Public Pension Funds Underreported $3.8 Billion in PE Fees, Oxford Professor Says
State treasurer and lawmaker demand more transparency from debt-laden PSERS and SERS plans.
Asset Management Culture
Harvard Sells $950 Million in Warehouses to Blackstone
PE group targets portfolio’s last-mile properties as e-commerce businesses boom.
Asian Private Equity Funds Make Up 25% of Global Assets
Total assets under management hit $722 billion, with $246 billion in dry powder.
Risk
Virginia Retirement System Returns 7.5%
Private equity investments help increase fund’s market value to $78.6 billion.
CalSTRS Takes First Steps to Restructuring Private Equity
The pension plan is getting ready for investments out of the traditional limited partner-general partner fund structure, including increases in co-investments.