Brett Johnson

While shifting PE mandates, Marin County debates more direct involvement in private equity

California pension has relied on a pair of funds of funds managers, Abbott and Pathway, to make investments in its PE portfolio since its inception two decades ago.

DEI data now ‘less consistent, less transparent’

A $39bn pension fund is sounding the alarm over a lack of reliable information at the portfolio company level.

CalPERS corrects long-term trend of co-invest underperformance amid overhaul

The US's largest public pension had a streak of co-investments underperforming funds in most periods over several decades, according to private equity head Anton Orlich.

No strong correlation between fund size growth and future returns: StepStone

Larger successor funds typically moved GPs into bigger deals with potentially less return upside, not universally worse returns, according to the firm.

Mid-sized endowments in a sweet spot with VC managers today, LP leaders say

Several US endowments undergoing a venture program ramp-up are enjoying flexibility, access and the potential for a market turnaround.

Chickasaw Nation forms its own PE playbook as gaming revenues slow

After going the traditional LP route to diversify income from gaming revenues, Chickasaw Nation is standing up PE firms to help support its more than 80,000 citizens.

Alaska Permanent senses headwinds in private assets, details culling plans

Leaders of $84bn sovereign wealth fund faced little pushback on a suggestion the system should limit private market commitments until improvement of valuations, other trends.

Howard University’s former president: Endowment undaunted by market constraints in private assets ramp-up

Howard's endowment saw assets double under Dr Wayne Frederick's tenure as system deployed a windfall of cash from earmarked federal grants.

North Carolina looks to pay up for better performance in restructuring plan

After a stretch of underperformance against peers, CIO Kevin Sigrist is stepping back into a role he once resigned from in order to find help steering the state pension fund in a new direction.

LP Perspectives 2026: Seven LP opinions that matter

Key takeaways from our annual survey tracking investor sentiment towards private equity and the wider private funds industry.