The new 'collaborative strategies portfolio' gives the system more capital to commit to private funds.
The system’s private markets chief sees opportunities as lengthier fundraising timelines continue.
New Mexico's surging energy industry gives the state’s second-largest permanent fund more money – and challenges.
The $26.2bn system’s cap to alts goes from 15 percent to 25 percent.
'Banks are coming back to underwriting big transactions,' the system’s deputy CIO told investment committee members.
This is a steep increase from how much it committed in 2023, and bodes well for managers looking for capital.
The possible changes would reduce a steady stream of capital to VC and growth equity managers.
The nation’s largest pension system is in the midst of a significant overhaul of its private equity portfolio, including a recent hike of its target.
Quality managers earn a 'complexity premium' by building better companies.
The system has not yet finalized a contract with a secondaries adviser.