Dietrich Knauth
PE commitment for 2018 totals about $500 bln Commitments made under delegated authority, recommended by former PE consultant LACERS allocation target up to 14 pct from 12 pct Los Angeles City Employees’ Retirement System at its December meeting reported $185 million in private equity commitments, completing recommendations made by its former PE consultant and bringing […]
Why is this important: San Diego pension has had tougher time reducing fees from PE than those of other asset classes AUM: $12.5 bln Allocation to PE 6.6 pct against 8 pct target Contact: Mary Montgomery at +1 619-515-6814 or mmontgomery@sdcera.org San Diego County Employees Retirement Association is looking for ways to bargain down its private equity management […]
SDCERA has cut fees and emphasized incentives Fee-alignment questions contribute to underweight PE System allocation to PE 6.6 pct against 8 pct target San Diego County Employees Retirement Association is looking for ways to bargain down its private equity management fees, saying it hasn’t had as much success in that area as it has had with […]
Why is this important: Michigan aims to lift exposure to PE this year, tilt toward middle- and lower-middle market AUM: $73 bln PE target allocation for ’19: 18 pct PE target allocation for ’18: 16.5 pct; actual 16.4 pct Treasurer Rachael Eubanks: +1 517-373-3223 or statetreasurer@michigan.gov State of Michigan Investment Board at its December meeting […]
Board to raise PE target to 18 pct from 16.5 pct $73 bln system wants to tilt to middle-, lower-middle-market funds December was first regular meeting of newly reorganized board State of Michigan Investment Board at its December meeting reported $435 million in third-quarter PE commitments, aiming to increase its exposure to the asset class […]
Pavilion consulted on PE since ’07, infra since ’13 CBRE won contract over Pavilion and StepStone CBRE stood out for ability to help with direct infra investing Employees Retirement System of Texas at its December meeting chose two new consultants, breaking the infrastructure asset class away from its PE consultant and changing its general investment […]
CalPERS plans long-term investments in core economy businesses, late-stage health, tech, life sciences Staff interviewed potential leaders of the new funds Ex-CalPERS staff ineligible for leadership roles in new groups California Public Employees Retirement System is interviewing teams of private equity professionals who could lead two new investment vehicles that are part of the pension […]
Why is this important: SBCERA aims to put $500 mln to PE in 2019, matching 2018; continues link with Aberdeen Standard AUM: $10.4 bln Target allocation to PE: 16 pct; current allocation 13.2 pc San Bernardino County Employees’ Retirement Association’s investment committee committed $40 million to a PE secondaries fund managed by Aberdeen Standard Investments, […]
$40 mln is jump from $25 mln pledged to prior funds Aberdeen Secondary Opportunities IV target $500 mln SBCERA aims $500 mln to PE in 2019, matching 2018 San Bernardino County Employees’ Retirement Association’s investment committee committed $40 million to a PE secondaries fund managed by Aberdeen Standard Investments, while also approving a pacing plan […]
System picked up PE commitment pace Pledged $500 mln to Asia opportunities $350 mln committed to latest Hellman & Friedman fund New York State Common Retirement Fund committed $1.12 billion to private equity in October, its latest investment disclosure report shows. The $207 billion retirement system, managed by State Comptroller Thomas DiNapoli, committed additional capital […]