Alfie Crooks

The survey, conducted by Barnes & Thornburg, found that 96% of LPs thought it was important for a GP they invest in to have a succession plan.

The new policy would let ACERA’s staff make the decision to roll existing assets or portfolios into continuation funds if that falls in line with ACERA’s financial consultant’s recommendation.

Disappointing performance will come as a disappointment after the individual pension funds have increased their exposure to private equity.

Kahler’s hiring comes as part of a larger build-out of Riverside Value Fund’s team, according to a Riverside spokesperson.

The decision to increase small/medium buyouts’ portfolio share falls in line with other large public LPs.