Pennsylvania pension systems explore central investment office

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

European LPs bullish on PE while North Americans pull back – report

Investors in Europe are seeking to broaden their portfolios in the next 12 months through new GP relationships, according to research from Rede Partners.

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.
European commission

European insurers given private equity boost after regulation tweak

The European Commission has reduced the amount of capital insurers must set aside to manage the perceived risks for some long-term equities.

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.

Giant pension wants more variety in Japan PE

The world's third-biggest economy also needs large players among its predominantly small and mid-focused domestic market, according to the $107bn Pension Fund Association's PE head.

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.

LPs could push harder in negotiating with GPs – report

Private equity investors focus only on very simple negotiating points such as fees and structure, according to a survey by eFront.

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