Pension fund wants to halve its investment exposure to them by 2030.

Investors hoped for a low number, which could mollify a hawkish Federal Reserve.

Wang leaves CalTech after nearly 13 years to take on newly created position at the health care nonprofit.

There may be more scrutiny of publicly traded private equity firms in the current investment landscape.

In observance of the Labor Day holiday, there will be no newsletter on Monday. The CIO Alert will resume on Tuesday, September 6.