In this second episode of our miniseries Private Markets and the End of Cheap Money, we talk to LPs about allocation shifts, impacts on fundraising and what investors are looking for out of their GPs as rates rise.
Scott Ramsower, head of private equity funds at Teacher Retirement System of Texas, tells us why the public pension fund is leaning into partnerships and spending more time on due diligence.
The move comes as New Jersey and other public systems struggle to retain private equity talent in the face of generally higher compensation in the private sector.
The SEC under President Biden is expected to take a more aggressive role in regulating and punishing bad practices across corporate America, including private equity.