water tap
Schroder GAIA II Specialist Private Equity Fund will allow LPs with a minimum investment of $50,000 to back PE investments in small and mid-sized businesses.
LACERS
The pension system will also consider commitments to strategies designed to outperform in down markets, investment committee meeting documents show.
BlackRock insurance report
Almost two-fifths plan to raise their PE exposure over the next 12-24 months, a report from the asset management giant finds.
Scott Chan, CalSTRS
The $240bn pension’s deputy CIO Scott Chan details how CalSTRS’ ‘collaborative model’ is the blueprint to achieving its goal of being the partner of choice for its managers.
Washington
The US development finance institution's rebrand, including its plans to invest equity as an LP in private equity funds, has been delayed.
London
The UK-listed firm, which owns a stake in multi-family office Stonehage Fleming, plans to make three investments every two years via its rebranded direct investment unit.
Retirement savings
Management charges need to be lowered to unlock large-scale defined contribution schemes’ investment, according to the British Business Bank and Oliver Wyman.
The public nature of CalPERS’ decision-making may be giving competitors an edge.
New York
The $208bn New York City Retirement Systems has hired two experienced private equity executives from Ilmarinen and AFP Capital.
Elizabeth Warren
The Golub Capital chief executive spoke at sister title Private Debt Investor's New York Forum of the US presidential hopeful's stance against the private equity industry.
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