Manager Selection
CalPERS Consolidates Private Equity with Growth and Innovation Program
Anton Orlich, appointed last month as managing director for growth and innovation, will lead the combined unit.
Tag: Private Equity
Research
Incentive Compensation in Financial Services Projected to Drop in 2022
In the financial services sector, base salaries increase 4% to 5% for the second straight year in 2022, while bonuses are set to fall in a difficult year for investors.
Asset Allocation
New York Common Retirement Fund Invests $1.3 Billion in September
More than half of the monthly commitments were allocated for real estate investments.
Research
Higher Rates to Squeeze Middle-Market Private Credit Market, Reports Kroll
Kroll report details a private credit sector protected from systemic risk by financing dexterity, and strong relationships between private equity sponsors and private credit lenders.
Newsmakers
Inside the World of Private Equity: Anxiety, Elation and Sangfroid
The hot asset class for allocators, PE is its own world, according to an insider’s book.
Asset Allocation
Illinois Teachers Pension Invests Nearly $1.5 Billion in Alts
Retirement system’s funded level rises 1.3% in fiscal 2022 despite investment loss.
Asset Allocation
Falling Markets Send Endowment Index 7.5% Lower in Q3
Oil assets, MPLs were the top performers, while Chinese equities and real estate burdened the hypothetical portfolio.
Research
P.E. Deal and Exit Volume Drops in Q3
The number of deals collectively slowed by 20.4% in the third quarter year-over-year, while exits dropped for the third consecutive quarter.
Asset Allocation
Fiscal Year 2022 Brings Outperformance for Illinois State Teachers’ Retirement System
A conservative strategy proved effective in mitigating losses in a tough market.
Risk
Here’s Where to Find Opportunities Amid Slow Growth, Says Report
Private equity, hedge funds and high-yield bonds are promising investments for the future, Northern Trust Asset Management advises.
Asset Allocation
Private Markets Keep Growing, Even Amid Slowdown, Says PitchBook
Venture capital and private equity boosted their valuations mightily in the past 20 years.
News
After a Record-Setting 2021, Private Debt Fundraising Declines in First Half of 2022
Private debt fundraising has stagnated in the first half of 2022 amid an economic backdrop of rising rates, and a slowdown of global growth.
Asset Allocation
Pennsylvania SERS Approves $225 Million in Private Market Investments
The new mandates include allocations to private equity, infrastructure and a co-investment.
Private Equity, the Hot Asset Class for Allocators, Faces Headwinds
Deals are expected to fall far short of 2021’s record-breaking level.
Asset Allocation
Nevada PERS Loses 5.1% in Fiscal Year 2022
Portfolio beats benchmark thanks to a private equity allocation exceeding the pension fund’s ‘allocation range tolerance.’