Dietrich Knauth
$94.6 bln core fund overweight its PE target NEPC urges lifting PE target to 9 pct from 8 pct Board likely to vote on allocation change in December State of Wisconsin Investment Board is weighing a recommendation to raise its private equity allocation to 9 percent from 8 percent and will likely vote on the […]
New strategy will invest in real estate, PE or international treaty claims SBCERA has $110 mln left to spend in unallocated 2018 PE budget System has 16 pct allocation target to PE San Bernardino County Employees’ Retirement System committed $30 million to a private equity strategy focused on acquiring assets in Venezuela. SBCERA, which has […]
August saw the largest commitment of the summer, a $750 mln pledge to Vista’s latest software megafund System committed more than $1 bln in June The pension fund has a 10 pct target for private equity The $207.4 billion New York State Common Retirement Fund poured $1.96 billion into private equity investments in June, July […]
Why is this important: LPs are concerned about the pace of fundraising, but are still ponying up new capital Investors in third-quarter 2018 were simultaneously frustrated by the power held by in-demand general partners and yet competing for their approval across a wide variety of fund types. GPs raised $135.8 billion over the first three […]
LPs are concerned about the pace of fundraising, but are still ponying up new capital The current environment supports a wide variety of fund sizes and specialties First-time funds are finding willing investors Investors in third-quarter 2018 were simultaneously frustrated by the power held by in-demand general partners and yet competing for their approval across […]
Strong markets may accelerate Dyal’s IPO plans Firm expects to surpass $5 bln for fundraising GPs respond to large investors looking for multistrategy exposure Dyal Capital has long had a plan to go public, but current market valuations might spur it to act sooner than it initially envisioned. Michael Rees, head of Dyal, speaking Oct. […]
Why is this important: Pledges would enable OCERS to meet target for year AUM: $15.8 bln Staff to recommend lifting PE allocation to 10 pct from 8 pct PE adviser: TorreyCove; General fund consultant: Meketa Contact OCERS: +1 714-558-6200; CIO is Molly Murphy Orange County Employees’ Retirement System is negotiating two private equity commitments that would […]
The $15.8 bln system plans to commit to a tech-focused buyout fund and a generalist buyout fund Investment staff plans to recommend increasing the private equity allocation from 8 pct to 10 pct OCERS’s new PE consultant wants to increase commitments to North American buyout funds Orange County Employees’ Retirement System is negotiating two private […]
$13 bln fund is below 23 pct private-market target Staff surveyed PE firms in meetings, calls, conferences Tries to negotiate better alignment with select firms The $13 billion San Diego County Employees’ Retirement Association doesn’t want to commit to PE funds when GPs seem to have all the negotiating leverage, and it is instead taking […]
Why this is important: Veteran of CalPERS, China forex agency, major IBs takes over largest U.S. public pension AUM: $360 bln Ben Meng reports to CEO Marcie Frost Succeeds Eliopoulos; start date not yet determined Contact for a meeting: Megan White at Megan.White@calpers.ca.gov or +1 916-795-3991 California Public Employees’ Retirement System named Ben Meng chief investment officer, succeeding […]