Dietrich Knauth
The $34 bln pension has fallen below its target range of 8 to 14 pct for PE State plans to add $400 mln in 2020 and 2021 for shorter-duration PE opportunities Longer-term, Connecticut wants to boost Europe exposure to 18.6 pct from 0.8 pct Connecticut Retirement Plans and Trust Fund plans to increase its private […]
Why is this important: Key pension CIO makes case for trading high PE fees for stronger returns AUM: $74.5 bln state retirement fund, $1.5 bln common school fund Contact the Treasury office in Salem: +1 503-378-4000 or oregon.treasurer@ost.state.or.us Oregon Treasury committed $350 million to private equity and credit investments, and its chief investment officer made the case […]
High-fee strategies cost millions, added billions: CIO Oregon school fund has underperformed in PE State pledged $200 mln to Genstar Capital Partners IX Oregon Treasury committed $350 million to private equity and credit investments, and its chief investment officer made the case that paying high PE fees has helped add billions to the state’s retirement […]
Why this is important: Enables CalPERS to refresh all consulting contracts at once rather than issuing four separate RFPs AUM: $354 bln General investment, PE contracts expire next year Real estate consulting contract to be replaced early Proposals due by April 30 California Public Employees’ Retirement Plan published a request for proposals for investment consultants, seeking […]
General investment, PE contracts expire next year Real estate consulting contract to be replaced early Proposals are due by April 30 California Public Employees’ Retirement Plan published a request for proposals for investment consultants, seeking bids for general investment services and three specialized private-markets asset classes. The new contracts would begin in July 2020 and would […]
Why is this important: Largest U.S. public pension hopes to advance direct-investing plan AUM: $354 bln Contact CalPERS: +1 888-225-7377 California Public Employees’ Retirement System will seek permission to proceed with the creation of two direct private equity funds, scheduling an initial vote on the concept for its March 18 investment committee meeting. The plan, discussed […]
Wants to signal seriousness about new vehicles Approval would enable recruitment of leaders No timeline for implementation of the plan set yet California Public Employees’ Retirement System will seek permission to proceed with the creation of two direct private equity funds, scheduling an initial vote on the concept for its March 18 investment committee meeting. […]
AUM: $17 bln Target allocation to PE: 14 pct Why this is important: Pension doubles cap on pledges; can do secondaries with board approval Contact LACERS: +1 213-779-8328 Los Angeles City Employees’ Retirement System approved an investment policy that raises the limits on commitment sizes, though the pension plans to “ease into” the higher commitments. The […]
Cap on new GP commitments doubled to $50 mln Follow-on pledges rise to $100 mln from $40 mln Secondary PE sales allowed, with board approval Los Angeles City Employees’ Retirement System approved an investment policy that raises the limits on commitment sizes, though the pension plans to “ease into” the higher commitments. The $17 billion retirement […]
AUM $69.5 billion 18 pct allocation to PE PE allocation 18 pct at year-end 2018 vs 15.2 pct a year earlier Why is this important: 20 pct of latest commitment went to TPG credit fund for late-stage growth companies Contact: State Treasury Department spokesman Ron Leix at LeixR@michigan.gov or +1 517-335-2167 State of Michigan Investment Board committed $1.5 […]