Justin Mitchell
The issues were primarily with Prospect's decision to close three facilities in Texas and its management of several hospitals in Connecticut.
The flash poll from investment consultant NEPC consisted mostly of education endowments and private foundations.
LPs will have to prepare for a higher level of due diligence as they track the values of private equity investments for 2020 Q1, as the usual process is unlikely to be accurate.
Canada's second-largest pension will assist companies that were profitable before the crisis and will provide assistance in designing financial instruments to get through the crisis.
Previous private equity director Christopher Schelling announced his departure earlier in March.
Michigan also posted its 2019 fourth-quarter returns and valuations for its March 19 meeting.
The fund entered into its second co-investment vehicle with asset manager Neuberger Berman.
The pension invested in recent funds from Cortec Group, Leonard Green & Partners and Volition, among others.
The fund is targeting $10bn and eyeing a first close by the end of next month.
Christopher Schelling will move to Windmuehle Funds, an Austin-based alternative investments manager founded in 2018.