Gregg Gethard
The $55.1bn system committed to Agent Capital and Red Arts Capital as part of its diverse manager program.
Valuations are holding steady as marks are starting to roll in.
Virginia Retirement System is the latest pension system to show where private equity valuations are headed in a turbulent economy.
The $104bn fund is among the first large state pension systems to update highly anticipated marks for the second quarter.
IR and business development professionals field impromptu calls with LPs and search for allocation possibilities while also assisting with deal flow.
'Thinking of pension systems only in terms of the stock price return may have worked in 1945. But in 2025, it might not be that simple.'
Competition for portfolio companies and dry powder may help valuations, but immense tailwinds exist.
The proposed policy would allow staff to bypass board approval and bidding processes for certain investments.
LPs are starting to flex muscles regarding PE managers' commitment to diversity
The $2.1bn Common School Fund will now target a 15% allocation to private equity.