Alfie Crooks

Texas Permanent School Fund outlines co-investment program, boost in PE pace

The fund will create a co-investment underwriting program focusing on private equity assets and increase its private equity commitments by 1 percentage point on a yearly basis.

Kentucky pension system slashes PE target

CERS’s investment committee approved a new plan that would drop the retirement system’s allocation to private equity to 8% from 10%.

Alaska Permanent adds 26 PE funds to ‘impaired’ list

The write-down will not impact Alaska Permanent’s private equity strategy, a spokesperson told Buyouts.

Oregon: Private equity a drag on overall fund performance

The private equity asset's underperformance has created a 'drag' on the overall fund performance over the past year, with the fund’s total return amounting to 6% over that period.

Louisiana Teacher pension sets private equity pacing, eyes GP-led secondary market activity

The system set pacing for private equity commitments at a range of $550m-$1.05bn for the next fiscal year, making up a significant portion of its overall target commitment pace of $2.5bn-$4bn.

North Carolina eyes GP-led secondaries, opens up to more co-investment

During discussions, the treasury committee said it would target GP-led secondaries deals.

Orange County pension to expand co-investment strategy

The expanded focus would include co-investments in private real assets, private income strategies and unique strategies.

ERS Texas sets pacing for FY 2025, precedent for use of continuation funds

The decision comes as part of ERS Texas’ continued commitment to the private equity asset class, bumping its fiscal year 2024 target up $50m from last year’s $600m targeted commitment.

Los Angeles Water and Power raises private equity target

Despite the increased target, the pension system's private equity allocation remains overweight by 1.8%.

LPs placing more importance on GP succession plans, survey says

The survey, conducted by Barnes & Thornburg, found that 96% of LPs thought it was important for a GP they invest in to have a succession plan.