Alfie Crooks

Majority of LPs surveyed by the firm expect to decline to reinvest with some existing GP relationships, with performance cited by many as the underlying reason.

The decision to increase the venture capital target range comes almost two months after the pension fund signaled that it would be committing more capital to its in-state private equity program.

Ortiz rejoined Palladium on a full-time basis in May earlier this year and was voted in to his role as partner this summer. He will assume the role starting January 1, 2025.

CalPERS’ proposed total portfolio approach would aim to provide a more holistic and unified approach to both risk and benchmarking, eliminating the silos between asset classes.

VCERA’s chief investment officer, Dan Gallagher, recommended launching the new program next year, starting with a $20m allocation.

LACERA will be allowed to commit up to 35% of its private equity allocation to secondaries or co-investments, and up to 20% of the allocation to funds of funds.

Pennsylvania Public School Employees’ Retirement System's sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.

The Canadian province’s legislature, led by premier Danielle Smith, dismissed AIMCo’s CEO, Evan Siddall, along with three other board members last Thursday.

The sale comprised 13 fund investments, eight of which held vintages of 2013 or earlier, with the funds offloaded for an adjusted purchase price of $737.1m, according to documents seen by Buyouts.

Senator Casey’s concerns stem from Anchor Hocking’s acquisition of the Charleroi Pyrex glassware plant from Corelle Brands after the cookware company exited its bankruptcy proceedings.