Dietrich Knauth
For year ended June, PE pacing up to $5.3 bln from $3.3 bln CalPERS to limit GP relationships to 30-45 To keep PE allocation near 10 pct, CalPERS eyes nontraditional ways to deploy capital California Public Employees’ Retirement System in August and September committed about $1.5 billion to five private equity funds, including $650 million to […]
Why this is important: CalPERS won’t pursue more extreme outsourcing or in-house investing scenarios that have been under consideration AUM: $350 bln California Public Employees’ Retirement System clarified goals for a revamp of its private equity investing, saying its proposed “direct” investment vehicles will work exactly like a “tried and true” separately managed account. CalPERS has […]
CalPERS must commit $10 bln a year to stay near its 10 pct goal for PE System wants to set up long-duration funds to focus on large companies and health, life sciences, tech Sought proposals to consolidate chunk of PE investment through strategic partnership California Public Employees’ Retirement System clarified goals for a revamp of its […]
Why this is important: SDCERS to triple pledge to PE and infra via StepStone account SDCERS AUM: $8 bln Target allocations: 10 pct to PE, 3 pct to infra The $8 billion San Diego City Employees’ Retirement System expects to commit $125 million to private equity and infrastructure funds through a StepStone-managed account, triple […]
$8 bln plan has 10 pct target for PE StepStone committed just $39 mln to PE last year StepStone will pursue secondaries, “seasoned” primary funds, other strategies to mitigate J-curve The $8 billion San Diego City Employees’ Retirement System expects to commit $125 million to private equity and infrastructure funds through a StepStone-managed account, triple […]
Why this is important: CalSTRS’s new approach wants diversity throughout a firm, not simply at top level AUM: $229 bln California State Teachers’ Retirement System wants to see diversity throughout an investment firm, not just among ownership, according to its CIO. CalSTRS prides itself on its pursuit of diversity, but its old policies need to […]
CalSTRS is updating its diversity policies The new approach will go beyond asking about diversity at the leadership level Fund-of-funds play an important role in bringing new managers to CalSTRS California State Teachers’ Retirement System wants to see diversity throughout an investment firm, not just among ownership, according to its CIO. CalSTRS prides itself on […]
The $348 bln pension fund committed $5.3 bln to PE in fiscal year 2018 CalPERS’s pursuit of co-investments and separately managed accounts has faltered without PE boss CalPERS is considering other ways to boost its PE allocation California Public Employees’ Retirement System would have to commit $10 billion annually to private equity if it wants […]
Ernst & Young’s survey is based on input from 200 managers and 60 investors Hedge funds and PE firms are going head to head in expanding into private credit strategies PE has an edge over hedge funds, being quicker to bring new strategies to the market In their escalating competition for investor cash, private equity and […]
Why this is important: NYS commits $700 mln to PE and VC, renews Aon Hewitt consulting accord AUM: $115 bln PE portfolio cash-flow positive for Q3 PE portfolio is two-thirds buyouts New York State Teachers’ Retirement System committed $700 million to four private equity funds in the third quarter. The retirement system, which manages $115 […]