Public Employees' Retirement System of Nevada related stories
All articles and analysis
Nevada PERS to move Clearlake exposure due to ‘conflicts of interest’ – updatedThe $74.9bn US pension believes Clearlake’s recent agreement to acquire Pathway Capital Management poses issues for its own PE portfolio.
Side Letter: TDR's ICE connectionIn today's edition US Immigration and Customs Enforcement drama spills over into PE; The evergreen industry continues to bloat; One PE shop finds itself on the right side of AI history.
Investor Intentions: NVPERS targets up to $575m in PE for FY 2026Public Employees' Retirement System of Nevada seeks to invest in both primary/secondary and co-investments totaling up to $575m for FY'2026.
Side Letter: Most active LPs disclosedOur latest Investor Report lists the industry's most prolific backers of PE funds; Rede Partners' latest temperature check of market sentiment suggests optimism on the horizon; a venture capital continuation vehicle that lacks the 'continuation' element.
LPs cool slightly on emerging managersAmid a muted exit environment, fewer investors are looking to back new funds, as the focus stays on more established GPs.
Side Letter: PIK-ing a winnerWhy payment-in-kind interest is sometimes unfairly maligned. Plus: Partners Group is understood to be on track for a record year of secondaries deployment. Here's today's brief, for our valued subscribers only.
Verdane closes on €2bn hard-cap for latest flagshipNearly a quarter of capital commitments for Freya XII came from US investors.
Side Letter: Fund finance inflowsLP capital looks set to play a significant role in the rampant expansion of the fund finance universe. Plus: a $70bn pension is cutting its private equity allocation; and why LPs should investigate GPs' understanding of AI sustainability risks. Here's today's brief, for our valued subscribers only.
Investor Intentions: NVPERS is lowering its PE allocation targetThe Nevada pension system allocates 15% of its AUM to private markets assets, of which 5% to private equity.
Side Letter: Swords and ploughsharesWhy GPs should stop worrying and learn to love defence. Plus: Future Fund's CIO is heading to the Middle East; and investors are increasingly hungry for small-cap CVs. Here's today's brief, for our valued subscribers only.