Gregg Gethard
A green-friendly (meaning money) recycling programme allows Oregon to take up to $1bn from secondaries sales of its legacy portfolio and place it into a co-investment fund.
Council members asked investment staff for more allocation options due to liquidity concerns.
'It’s pretty hard to find private assets without fake marks in this environment,' says one source in the secondaries market.
Marcus Frampton said private equity hasn't yet had a correction and that he was stunned to see the multiples being paid for small, private companies.
The US's largest public pension system plans on a major overhaul of its private equity holdings.
Council members cite liquidity concerns when debating asset allocation.
Investment team departures at large allocators may slow decision-making processes.
The agency with oversight of New York City’s five public pension systems says staff constraints could limit future plans to make smaller commitments to more managers.
The new CIO of the nation’s largest pension says the system lost out on between $11bn and $18bn during a 'lost decade' of private equity.
ESG and impact investing organisations are taking note as the US’s fourth biggest pension system acts against the movement.
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