The Florida State Board of Administration, which manages the state’s $113bn pension funds, has made commitments to ABRY, Oaktree and Varde, and is negotiating commitments to Audax and GSO.
The European association – via its recently created LP platform – is working on its own version of the ILPA guidelines, which will tread more of a 'middle road' between the interests of LPs and GPs.
The US public pension has made $65m in commitments to Ethos Fund IV and SAIF Partners IV.
The state’s $35bn oil and gas endowment plans to commit $600m of fresh capital and $250m left over from last year.
Placed by Credit Suisse, nearly half of the UK mid-market fund’s commitments came from new investors.
In an effort to curb the use of placement agents, the US' largest public pension has set up an automated PPM system that has been greeted with market scepticism.
LPs are demanding consultants and advisors conduct fund due diligence right up to the commitment date – or face legal challenges if losses are later incurred.
To ensure the continued flow of capital commitments, private equity firms must assume the role of teacher when approaching institutions – and not sugarcoat the facts, writes Christopher Witkowsky.
The $198bn pension has been negotiating with external managers for fee cuts, and has slashed an additional $99m in fees from managers including 17 private equity firms.
Sheryl Schwartz has left the $426bn private retirement system amid a reshuffle combining its hefty alternatives programme with other business units.