Disappointing performance will come as a disappointment after the individual pension funds have increased their exposure to private equity.
The decision to increase small/medium buyouts’ portfolio share falls in line with other large public LPs.
Some LPs have been frustrated by what they describe as a loophole in the GPs’ ostensible 80-100% management fee offset.
PE skeptics 'have to acknowledge' that the asset class is worthwhile for LPs with the ability to significantly reduce their fee loads, Marcus Frampton says.
School Employees' Retirement System of Ohio commits $75 million to Graham Partner's US-based buyouts fund and its sidecar.
As part of the system’s policy established in 2022, CalPERS has been building exposure to areas of private equity it may have skipped in the past, like smaller funds and growth-focused GPs.
Raymond James, Evercore, Jefferies and Campbell Lutyens are in the wings for the pension fund’s secondary sales route.
In what may be a sign of improving dealmaking conditions, Canada Pension Plan Investment Board, the world’s biggest investor in private equity, recently upped its performance – with the help of some exits.
A new state law now allows the $26.2bn system to allocate up to 25% of its total fund to alternatives.
PE stands to benefit as the system may do away with emerging markets equities.