Justin Mitchell

Chris Ailman also said the pension fund would be more interested in "collaborative structures" than traditional partnerships.

The lesson from FFL’s investment in Crisis Prevention Institute is to not be afraid to take risks with a company that is already performing well.

David Kessenich's death activated a key-person provision in the fund's terms, leading to a 120-day suspension period.

The $23.58bn pension recently proposed higher spending on PE in the next fiscal year, but is prepared for it to be less.

CVC Capital Partners VIII is targeting just under $19bn.

The request comes as recent public market volatility has caused the pension's value to drop over $3bn.

The increased estimated fees are due to greater commitments in the space, and do not include performance fees.

LPs may be better served to make sure they have liquidity elsewhere in their portfolio before making drastic changes to their private markets allocations.

"The most important thing is to have a plan and stick with the plan. Nobody knows how this is going to play out. Let's not shoot all our bullets at one time.”

The pension's portfolio has lost billions in value as the public markets have struggled due to the coronavirus pandemic.