Exclusive: Los Angeles Water and Power CIO Explains Strategy Behind Its ‘Young’ Private Equity Portfolio
Pension gears up $400 million pacing plan for the 12-year-old allocation.
Asset Allocation
Middle-Market Strategies Dominate Texas Municipal’s Latest Commitments
Retirement fund recommends $650 million in investment activity at its last meeting.
Washington State Makes $1.6 Billion in Private Market Commitments
The new commitments are part of the plan to keep private market investments to around 40% of the fund.
Alaska’s New CIO Details the Fund’s Prolific Co-Investment Program
Despite recent losses, co-investments have generated a 63.4% annualized five-year return.
Texas Municipal Makes $500 Million in New Commitments
Private equity commitments totaled $300 million, part of an effort to boost the asset class.
Consultant’s ‘Less Optimistic’ View of Equities Leads Massachusetts to Consider Portfolio Re-Allocation
Board considers ‘incremental increases’ to private markets exposure to deliver long-term benefits.
SFERS Sees Positive Investment Returns
In a difficult investment environment, its 1.1% return so far in 2018-2019 fiscal year could be the envy of institutional investors.
Oil Prices Are Rising, Despite the US Shale Boom
Goldman Sachs study finds the OPEC production ceilings are, for once, effective.
CalPERS Continues to Make New Private Equity Commitments
The largest US pension plan made more than $1.35 billion in new commitments in private equity funds in the last quarter of 2018.
Lagged Manager Activity Impacts New Hampshire’s Private Pacing Plan
Consultant recommends the pension complete between $300 million to $400 million of new commitments per vintage year for the next several years.
Market Uncertainty Prompts North Dakota Investment Board to Review Asset Allocation
Oil-fueled ‘legacy fund’ goes under the microscope.
LACERA Beefs Up Its Investment in Chinese Bioscience
First VC investment of 2019 helps the pension plan increase its exposure to the world’s fastest-growing healthcare sector.
Oregon to Invest Up to $3.5 Billion in Private Equity in 2019
Plans to relaunch revised co-investment program and beef up PE team.
Ohio PERS Advances New Asset Allocation Studies
$100 billion pension debates new approaches after reducing assumed rate of return twice in recent periods.
Meketa’s Co-CEO Anticipates Private Markets Growth After Lucrative Merge
Pension Consulting Alliance’s real estate strengths expected to provide a boon.