Preeti Singh
Fund IX could be as much as 54% larger than its predecessor, which closed on $13bn in 2016.
John Childs, who co-founded the Boston-based firm in 1995, retired in February amid charges of solicitation of prostitution in Florida.
The five New York City retirement funds delivered net PE returns in excess of 10% for the first time since inception.
PSERS and SERS have engaged McKinsey on separate contracts to explore merger possibilities for their investment functions.
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.
TPG’s response has been swift, but limited partners may choose to take their time over commitments to the second Rise Fund.
The state’s treasurer will add an additional $200m per year in a transition plan to increase private equity allocation.
The pension system is 121% funded and returned 2.17% last year, compared with 10.88% in 2017.
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.
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.