Brett Johnson

Retiring SBCERA CIO leaves income-focused private markets playbook for successor

Donald Pierce ushered in an income focus and a preference for early distribution PE strategies that is expected to continue to guide the pension system.

CalPERS board members make the case for 'AI guardrails'

Following headlines surrounding existential risks of AI, board members float idea of calling for expanding oversight on unchecked tech development.

Hawaii pension rethinks decade-long private markets tilt

Meketa, consultant for $26bn system, and board members suggest smaller public market allocation than peers and roughly 50% exposure to privates came at a cost during prolonged bull market.

SFERS eyes smaller buyouts, growth strategies as it plans PE pacing rebound

San Francisco pension with $41bn in assets sees stronger long-term outperformance potential outside crowded buyout mega-funds.

SFERS maintains venture conviction while warning of AI concentration risk

Venture is lifting returns in the $41bn San Francisco pension’s private equity program, but staff stress narrowness of recovery.

Meet the LP: Tolleson Wealth Management

The slowdown in fundraising has allowed family offices to 'form new and deeper relationships with GPs,' says Peter Suberlak of Tolleson Wealth Management.

Small LPs use GP-led secondaries to accelerate private markets allocations, OCIOs say

Endowments and foundations using outsourced investment offices increasingly view GP-led secondaries as a way to deploy capital more quickly into private markets, prioritising performance opportunities over liquidity concerns.

LA Fire and Police Pension reaffirms conviction in lower mid-market, emerging managers

Head of PE at $38bn pension system believes portfolio’s distributions have fared well in a difficult period for LPs with hefty PE allocations.

LAFPP reaffirms conviction in lower mid-market, emerging managers despite portfolio underperformance

Head of PE at $38bn pension system believes portfolio’s distributions have fared well in a difficult period for LPs with hefty PE allocations.