Gregg Gethard

The manager’s debut non-control fund closed on $640m in 2021.

Investors in past Leeds funds have booked strong cashflow returns.

The system’s investment staff may expand target ranges, among other tweaks, as its cashflow needs change.

No timeline has been given for Aronson’s eventual departure.

Most of the manager’s previous funds raised significantly more than Fund V’s goal.

Oregon’s private equity portfolio serves as a case study for the denominator effect’s impact.

New Mexico’s results, along with recent private company data, suggest there may be a light at the end of the tunnel for LPs awaiting cash returns and liquidity.

The pension system’s private equity portfolio has a negative cashflow of $1.1bn.

Much of the debate boils down to the balancing act of more transparency across private funds versus increased expenses that will result from new requirements and their potential ramifications.

The pension system is looking to increase its annual private equity commitments to co-investments.