Employees Retirement System of Texas related stories
All articles and analysis
US pensions: LPs take different approaches to reduce their private equity exposureUS public pension funds such as Employees Retirement System of Texas and State of Wisconsin Investment Board are looking to slow their investment pace.
Side Letter: Texas Permanent's cap calls; impact's $1trn; family offices low on PEThe frenetic fundraising environment isn't leading to frenetic capital calls for some LPs. Plus: the impact investing market grows 40 percent in two years and family offices and endowments bare their differences when it comes to PE allocations. Here's today's brief, for our valued subscribers only.
TPG’s Asia chairman retires after 18-year spellTim Dattels was credited with having developed the relationship with Indonesia’s Bank Tabungan Peninsuan Nasional which netted the alternatives firm a 7x return.
Industry Ventures' direct fund targets capital constrained GPsCapital constrained early investors often need help claiming the pro-rata stake they are entitled to in later funding rounds.
Texas ERS ups PE allocation to limit programme scale-backThe $36bn pension, which counts Advent, TPG, Hg and Industry Ventures among its long-standing GP relationships, was overallocated to PE by more than 6 percentage points.
Advent defies fundraising headwinds to close world's second-largest PE fundAdvent International Global Private Equity X found itself on LP 'priority lists' thanks to the strong performance of its predecessors, global co-head of LP services Robert Weaver told PEI.
Arctos closes in on halfway point for $2.5bn second sports fundThe specialist firm, which takes minority stakes in sports teams and franchises, raised the largest debut private equity vehicle last year.
Side Letter: Brookfield's $60bn Europe goal; Blackstone's fundraising 'momentum'Brookfield Asset Management is on a mission to triple the size of its European private equity portfolio. Plus: Blackstone's fundraising machine rumbles on unfettered by rising inflation, interest rate hikes and resource-strapped LPs, and KKR has raised its largest ever fund. Here's today's brief, for our valued subscribers only.
Side Letter: PE's 'message management'; 17Cap's NAV fund; Texas's fossil fuel fondnessPrivate equity legal eagles say GPs are getting creative with their messaging around fundraising timelines. Plus: Preferred equity specialist 17Capital has raised billions for its debut NAV lending fund, and Texas could force its pension giants to divest from managers boycotting fossil fuels. Here's today's brief, for our valued subscribers only.
Side Letter: Why this ex-pension CIO 'would definitely avoid Europe'Two former LP veterans are bearish on Europe and bullish on emerging markets as inflationary concerns and conflict in Ukraine loom large. Plus: Asian insurers are leading the charge when it comes to integrating ESG and the rising appeal of Ireland's new fund structure. Here's today's brief, for our valued subscribers only.