Dietrich Knauth

Consultant: Fund has not pursued co-investment or secondary purchases in recent years CIO to present co-investment research to board Co-investment, secondaries and fund-of-funds are just 5 pct of CalPERS’s unfunded commitments California Public Employees’ Retirement System is looking for more traditional ways to boost its exposure to private equity, including buying secondaries and increased co-investing. […]

PE firms are eyeing the exits 18 to 24 months before a sale, sometimes as soon as they buy Quicker exits can boost a PE firms’ IRR and help their competitive standing Data analytics can speed exits, helping buyers and sellers agree on value When it comes to pondering sales of portfolio companies, firms are […]

KKR, PAG Asia Capital, Insight received pledges CalPERS has 8 pct allocation to PE Pacing plan calls for $6 bln commitments for FY ’19 California Public Employees’ Retirement System reported three large private equity commitments for the last two months of 2018, contributing more than $1 billion to the asset class. The $353 billion pension […]

Secondaries grew a third to $72 bln in 2018 Commonfund: value in smaller buyouts, EM, venture Thorough due diligence helps gain an edge While many investors are frustrated with high prices on secondary private equity assets, Commonfund still sees value in overlooked corners of the market. The market for secondary transactions, which Evercore recently reported grew […]

AUM: $78 bln PE/Private debt target: 10.25 pct PE/Private debt actual allocation: 11.86 pct Contact: William Skaggs at william.skaggs@treas.nj.gov  or +1 609-777-1074 New Jersey’s state pension system is planning a jump in its private equity allocation beginning in 2020, although its 2019 pacing remains in doubt as it balances its strategic plan with a 12 percent regulatory […]

NJ planned to commit $500 mln to $700 mln in 2019 But pension is already close to 12 pct cap on PE NJ plans jump in pacing, to over $1 bln a yr, starting 2020 New Jersey’s state pension system is planning a jump in its private equity allocation beginning in 2020, although its 2019 […]

PE AUM: $27.5 bln PE return for 2018: 12.5 pct; Q4 2.1 pct Contact: +1 888-225-7377 Private equity was the best performing asset class for California Public Employees’ Retirement System in 2018, returning 12.5 percent at a time when almost all other assets were negative. The value of CalPERS’s portfolio declined 3.5 percent in calendar […]

PE returns helped offset 8.9 pct drop in public equities CalPERS cut premium over public equity in PE benchmark Real assets also had positive returns in 2018 Private equity was the best performing asset class for California Public Employees’ Retirement System in 2018, returning 12.5 percent at a time when almost all other assets were […]

Pledge would expand state’s relationship with TPG Investment board controls $132 bln in assets Pension fund has 20.7 pct PE allocation, 23 pct target Washington State Investment Board plans to commit $200 million to TPG Sixth Street Partners’ special-situations fund. The pledge was approved by the board’s private-markets committee and will be considered by the […]

Why this is important: Public-pension CIOs offer EMs practical advice on how to draw mandates Large public pensions are always on the lookout for new talent and smaller managers, and the CIOs of four large pension systems recently shared advice to firms looking to break in. The CIOs of the $151 billion Florida State Board […]