Australia’s REST Backs Nuveen Retail Property Fund With $250M
The asset manager raised $330 million from a trio of superannuation funds for its U.S. Cities Retail Fund.
Manager Selection
What LPs Expect From Their Alts Managers
Limited partners report that ‘depth beats noise, and alignment beats hype’ when evaluating new general partners, according to a survey from LP networking community Commonplace.
Nest Seeks Manager for $350M Ethical Equity Mandate
The UK’s National Employment Savings Trust Ethical Fund seeks to prioritize ethical and moral concerns.
New York City Pensions Shelve Recommendation to Rebid BlackRock Mandate, Terminate Fidelity
City Comptroller Brad Lander had proposed the moves, alleging the firms have failed to meet the funds’ net zero plans.
Despite High Market Concentration, Investors Are Holding On
Institutions might be willing to maintain their bet on concentrated markets, if top-performing equities grind higher.
NYC Comptroller Calls for City Pensions to Drop BlackRock, Fidelity, PanAgora
Brad Lander has recommended three of the city’s five pension funds rebid BlackRock’s U.S. public equities index mandates.
Eli Lilly and Co. Selects Goldman Sachs for $25B OCIO Mandate
The company’s CIO, Susan Ridlen, retired in August, and Goldman Sachs Asset Management will now manage its portfolio.
Australia’s State Super Hires Frontier Advisors as Independent CIO
The consultant firm will employ the superannuation fund’s investment team and manage its portfolio, while the fund will take a ownership stake in the firm.
CalSTRS Forms Climate Co-Investment Partnership With Carlyle Alpinvest
The California State Teachers’ Retirement System will broaden its access to private equity managers investing in climate solution opportunities.
LA Pension Funds to Host Emerging Manager Event
Qualifying asset managers can apply for one of a number of limited meetings with LACERS and LAFPP staff.
Market Commentary, Thought Leadership Influence Manager Selection
Institutional investors value managers’ investment content, which overwhelmingly informs investment decisions, CoreData Research finds.
Pembroke Management Wins $181M Mandate From La Caisse
The Québec pension aims to increase its investments with managers in the province.
Yale Investments Launches 2026 Prospect Fellowship Applications
The university will select five ‘forward-thinking’ investors to launch their own investment funds with funding from Yale.
Dutch Pension PZFW Terminates BlackRock, AQR, L&G Mandates Amidst Portfolio Reshuffle
The trio were dropped as equity managers as the fund looks to active investing.
New York State Pension Puts More Into Private Equity
The $273 billion New York State Common Retirement Fund committed $2.3 billion to the asset class during March and May alone.