Justin Mitchell
Recently hired CIO Seth Kelly wants to think about the $34.8bn pension's public and private equity holdings in 'totality'.
Representatives Maxine Waters of California and Joyce Beatty of Ohio included the two big private equity players among a list of 31 investment managers who received the letter.
Sung Won Sohn made his comments during a discussion about potentially upping the $21.4bn pension's PE allocation.
The $286bn pension will source private equity co-investments through its already-existing programme.
The $445bn pension's commitments to the lower-fee structures significantly dwarfed its fund commitments in its latest investment report.
Wayne Moore also asked that staff and JP Morgan, which runs the private equity emerging manager programme, provide more information about the demographic make-up of its GPs.
Staff had predicted a major comeback for the $80bn pension's PE programme at previous meetings, saying relative underperformance earlier this year was due to a 'benchmarking anomaly'.
The $41.9bn endowment has made progress in growing its private equity portfolio while shedding older illiquid assets that have weighed on performance.
Virtual work has allowed some LP staff to work more closely together as they conduct virtual due diligence, a panel by sister title Buyouts has heard.
Keeping the Republican Party in charge of the Senate is seen as critical for the PE industry in light of a recent push from progressives to go after the industry.
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