Gregg Gethard
The denominator effect caused the system’s private fund portfolio to soar in 2022. Staff believes a range will help it better manage the $80.1bn system’s private assets.
Francisco Partners founded – yes, founded – a specialty pharmacist to solve a problem with no existing cure at the time.
Fresno County’s investment officer is critical of projected distributions provided by third-party consultants.
Abbott Capital is looking for an extension for its 2008 flagship fund-of-funds and is encountering resistance from LPs contending with slowing cashflows and valuation uncertainty.
An exit market slowdown is starting to crimp investors, especially as many are also overexposed to private equity due to the denominator effect.
Investors are starting to feel the pinch of contributions outpacing distributions.
'When you pay all-time high prices, it tends not to be a good thing,' Blackstone’s chief administrative officer told Virginia Retirement System board members.
The system eyes steady growth despite the uncertainty in the broader economy.
The $28.2bn system held a rare public debate in selecting a private equity adviser. However, a shortage of board members delayed the vote.
The $48.2bn system may set up an SMA to help ramp up its co-investment strategy.