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Preeti Singh

Pennsylvania pension systems explore central investment office

PSERS and SERS have engaged McKinsey on separate contracts to explore merger possibilities for their investment functions.

CalPERS gets green light on ‘direct’ programme

Staff at the US's biggest public pension won approval for its proposed programme ‘in concept’ and will need to go back to the board with proposed partners and investment opportunities.

McGlashan’s indictment could slow Rise II fundraising

TPG’s response has been swift, but limited partners may choose to take their time over commitments to the second Rise Fund.

Connecticut to boost diversification with Europe and secondaries

The state’s treasurer will add an additional $200m per year in a transition plan to increase private equity allocation.

HOOPP’s PE portfolio shines bright amid low returns

The pension system is 121% funded and returned 2.17% last year, compared with 10.88% in 2017.

LACERS opens door to secondaries trades

The LP has restructured its private equity portfolio, increasing its commitment capacity to the strategy and to emerging managers, and it can now sell interests on the secondaries market.

Chicago treasurer: Private equity firms can be ‘arbiters of truth’

A firm’s level of transparency will affect its portfolio, exits and ability to raise capital, treasurer Kurt Summers tells delegates at the PEI Responsible Investment Forum in New York.

Providence seeks $2bn for latest growth fund

The firm is back in market just eight months after it closed its third growth fund, which is already 90% deployed.

TA Associates sets sights on largest fund to date

The growth equity firm, a prolific investor in technology, could raise up to $8.5bn for Fund XIII and is upping its investment pacing to $2bn a year.

Alaska Permanent mulls another secondaries sale

The sovereign wealth fund is also exploring options for an in-state private equity programme, as PE continues to be a top performing asset class.

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