Gregg Gethard

California Public Employees’ Retirement System, which is in the midst of overhauling its private equity program, will select consultants for its general pension fund and several investment categories including private equity at an upcoming meeting.

Some investors have started to push back on GPs, but it appears they are hesitant to slam on the brakes for fear of missing out on strong returns down the road.

Colleges on average allocated 30 percent of their portfolios to private equity and venture capital, according to the 2022 NACUBO-TIAA Study of Endowments.

"We have observed throughout our history that some of our highest performing private equity vintage years originate during volatile times like this," said CIO Michael Trotsky.

Alaska Permanent Fund’s chief investment officer will propose major cuts to its targeted allocations to private equity at its board meeting scheduled for February 15.

Of the $424m MassPRIM committed to diverse managers last year, $158m went to four managers of venture capital and/or growth funds.

California Public Employees’ Retirement System will commit $1 billion to two asset managers with new strategies focused on emerging managers.

The Pennsylvania Public School Employees' Retirement System pulled a recommended commitment to Insight Partners’ 13th flagship fund.

“I’ve been talking with real estate and private equity managers, and I can tell you they believe there will be a fairly significant drop in December when audited reports come together,” Meketa managing principal David Sancewich told the San Joaquin County Employees Retirement Association meeting on December 9.

'There’s a tremendous amount of pressure to get money invested, which results in managers accepting investments without the standard governance practices you’d like to see,' says Alaska Permanent CIO Marcus Frampton.