Tag: private equity
Alternatives
Oregon’s CIO Prepares ‘Snarky Remark’ to Defend Millions in Fees to Fund Managers
Skjervem says the state would be billions of dollars worse off if not for these funds.
CalPERS Investment Committee Approves Private Equity Plan at Urging of the CIO
New CIO Ben Meng says system can’t access ‘private equity exposure on the scale that we need.’
CalPERS Approves New Private Equity Investment Organizations
The pension system would invest up to $20 billion in direct style private equity investments, but it’s unclear when the plan could start.
Corporate Moves
Tiger Private Equity Head to Exit in June
Low-key investor Lee Fixel reaped big winnings from Flipkart, Spotify bets.
Newsmakers
NYC Pension Boosts Private Equity Program by $600 Million
Increase raises total assets in emerging managers initiative to $8.8 billion.
CalPERS Direct-Style Private Equity Plan Comes Up for a Vote March 18
The largest US pension plan aims to break new ground with a program to expand its private equity asset class.
Corporate Moves
Future Fund Names New Private Equity Head
Hire ran global PE division at National Australia Bank’s investment arm.
Asset Allocation
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.
Asset Management Culture
Help Wanted: UC Seeks Private Equity Director, Investment Officer
The $120 billion California university system endowment wants collaborative types.
Exclusive: CalPERS Aims to Advance Private Equity Plan
Investment committee members may vote on the plan in two weeks.
Alternatives
Ontario’s Direct Investment Model Helped ‘Buffer the Impact’ of Global Market Downturns
Strong returns in the system’s infrastructure and private equity strategies pull it out of negative territory for year.
Private Equity Fundraising Expected to Slow in 2019
Preqin report says high pricing is putting pressure on future returns.
CalPERS CIO Says Pension Plan Must Create New Private Equity Organization
Plan is essential if CalPERS wants to avoid increasing its approximate $140 billion unfunded liability, Meng says.