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.
In its 2022 annual report, OMERS attributed its overall PE performance to “organic growth in our portfolio EBITDA, coupled with our accretive M&A activities.”
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.
'The word is out that we can be a strategic partner and agile in providing solutions for balance sheet restructuring or a provider of patient, long-term capital,' said CIO Nicole Musicco.
The nation’s largest pension system continues the overhaul of its private equity portfolio.
I don’t think I’ve seen anything quite as strange as the legislation floating in the Indiana statehouse that could have forced the state’s $46.3bn pension system to shed its private equity portfolio.