Private Equity

Limited Partners

PSERS struggles to hire amid consolidation uncertainty

Staff may bring a proposal to the board to restart an incentive programme to make compensation more attractive, according to chief investment officer James Grossman.

3 min read · 23 October 2019

KPS's Psaros: 'Market has spoken' on 30% carry

Founder Mike Psaros spoke to PEI about the latest fundraising round and how KPS justifies a 30% carried interest rate.

3 min read · 18 October 2019

PSERS reveals sub lines make up nearly 11% of unfunded commitments

The pension has presented its first report on subscription lines exposure, and plans to communicate the data every quarter, according to chief investment officer James Grossman.

3 min read · 15 October 2019

Inside PSERS’ co-investment programme

The pension system has reviewed opportunities from more than 20 GPs and made more than 54 private equity co-investments.

4 min read · 14 October 2019

LACERS increases investment pacing as it looks to trim GP relationships

The pension system will also consider commitments to strategies designed to outperform in down markets, investment committee meeting documents show.

2 min read · 09 October 2019

Texas TRS's PE Strategic Partnerships miss target returns

Apollo and KKR manage more than $9bn across multiple strategies in a programme designed to deliver more than dollar returns.

3 min read · 07 October 2019

Rhode Island charges ahead with new secondaries strategy

The pension system picked up secondaries stakes in Industry Ventures, Paine Schwartz and Eureka Equity funds.

3 min read · 07 October 2019

Performance watch: Leonard Green's mega-buyouts

The firm is raising almost $12bn in capital across two funds focusing on mega-buyout and mid-market buyouts strategies.

1 min read · 07 October 2019

OPIC relaunch and private equity push faces setback

The US development finance institution's rebrand, including its plans to invest equity as an LP in private equity funds, has been delayed.

3 min read · 02 October 2019

Small buyout managers boost SWIB’s core PE performance

Commitments to fewer managers and sale of non-core managers on the secondaries market led to mega and large buyout funds exposure dropping by 29.5% from December 2009 to Q1 2019.

3 min read · 01 October 2019

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