Justin Mitchell
Staff at the $207.8bn system have said that distressed debt opportunities following the covid crisis could be unprecedented.
The crisis has been worse for smaller, more specialized managers, said Michael Arougheti during an earnings call on Wednesday.
The firm expects a final close in early 2021.
The pension's consultant says the transition could be done as soon as the end of next year.
Apollo's Scott Kleinman says the asset class is likely here to stay, and does not conflict with his firm's private equity program.
The firm's co-president says there are many opportunities, even in the most troubled industries, as long as investors go in with the right expectations.
The veteran technology firm is the latest to fundraise amid what is widely seen as a favorable environment for the sector.
A consultant's analysis indicates that a new asset allocation shifting more toward public equities would allow the pension to reach full funding over the next three decades.
The firm sees an opportunity to offer preferred equity stakes to company owners hesitant to sell in the current market environment.
Jeffrey Armbrister says deal flow is beginning to pick up, but it might be a while before rescue capital opportunities start to pick up.