Private Equity

Pensions

Retiring SBCERA CIO leaves income-focused private markets playbook for successor

Donald Pierce ushered in an income focus and a preference for early distribution PE strategies that is expected to continue to guide the pension system.

3 min read · 20 October 2026

LACERA to reduce meeting frequency despite governance concerns

'This will cost us our values, our oversight and our integrity,' one dissenting LACERA board member said before a motion passed with a 5-4 vote.

3 min read · 21 October 2026

NYCRS CIO: ‘Absurd’ for PE managers to pursue retail capital

The $330bn New York pension system's Monte Tarbox says he is 'losing confidence' that GPs expanding into the retail market are keeping pension funds at the core of their strategic operations.

3 min read · 20 October 2026

Side Letter: Sustainable retreat

In today's edition, The uphill battle for sustainable investing capital inflows; Harvard's 'exceptional' year; Hamilton Lane's exec reshuffle.

7 min read · 19 October 2026

San Joaquin County sets PE pacing, cuts venture commitments

The pension is aiming to maintain its private equity allocation for what remains a very young portfolio.

2 min read · 14 October 2026

Aus regulator reports ‘significant concerns’ over unlisted asset valuations

ASIC’s latest surveillance report of the superannuation sector finds ‘persistent’ issues around valuation risks, with overreliance on information provided by external managers.

3 min read · 14 October 2026

Audax Private Equity sets $6.25bn target for latest flagship fund

The target size for Audax Private Equity Fund VIII represents a 19% increase from capital raised by its 2023-vintage predecessor.

2 min read · 13 October 2026

AusSuper: US-Asia returns gap ‘might start to narrow’

It can be advantageous to look at a geography 'when things are tough', head of APAC PE Lilian Fang said at the Milken Institute Asia Summit 2026.

3 min read · 12 October 2026

Texas Teachers' launches search to replace retiring CIO Jase Auby

Texas Teachers’ has formed a special committee to replace the longstanding CIO, who will depart following a cancer diagnosis.

2 min read · 08 October 2026

PennSERS lowers PE target due to lack of 'options' in current market

Much of the conversation around PennSERS’ private equity portfolio is indicative of the dramatic shift in the state of the private markets over the last five years.

3 min read · 07 October 2026

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