For San Mateo County, a major reason for creating a co-investment fund is the promise of improving performance from the private equity asset class.
2 min read · 01 October 2026
The pension fund plans to increase its private credit allocation at the expense of its overweight private equity assets.
2 min read · 08 September 2026
The pension is targeting a private equity commitment range of $400m to $1.05bn in FY-2027, along with an additional $200m for co-investments.
2 min read · 03 September 2026
The value of the strategy is being debated as a tool to be used during an unprecedented slowdown in the private markets.
6 min read · 01 September 2026
The pension anticipates increasing its private equity allocation to a $1bn target by 2030, as it expects a growing influx of distributions over the next four years.
2 min read · 31 August 2026
The pension will commit $263m to private equity across its plans in 2027, after doubling its pacing last year.
2 min read · 27 August 2026
The pension system will increase its leverage cap by five percentage points to 'take advantage of market opportunities.'
2 min read · 24 August 2026
'While performance was strong this year, we’ve been underweight to venture and growth compared to our peers,' says Michael McGirr, the pension’s director of private equity
2 min read · 20 August 2026
Pension system believes it missed out on rapid growth in venture capital, but also acknowledges poor manager selection.
2 min read · 19 August 2026
Data from Buyouts’ Investor Report H1 2026 reveals that public pensions decreased their allocation to the asset class more than any other LP type.
2 min read · 03 August 2026