Private Equity Powers VRS Returns, Just Missing Assumed Rate
Fund planning on bulking up private investments.
Fund planning on bulking up private investments.
For the seventh straight year, private equity is the top performer for US public pensions.
Private equity again rises to the top, but it’s not enough to help the fund clear its benchmark.
Fund’s private equity portfolio pulls returns to 6.1% as equities, timberland lag.
Space has returned 10.2% over the past decade.
Meanwhile, plan is winding down its money-losing in-state private equity program.
Firm decides not to continue ‘without him at the helm.’
The pension plan is still intent on building its own private equity organization.
Private equity legend recently started his own firm after 24 years with KKR.
Investment commission’s staff explains how the $31.5 billion fund is readying itself for new PE opportunities.
Firm plans to capitalize on industry’s private equity boom, raise stagnant stock price.
However, new co-investment program won’t be discussed this month as expected, and the fate of proposed direct-style private equity program also remains unclear.