Pensions

In today's edition, The world's 13th largest PE investor is bullish on venture; Meet the US LP embracing its inner sovereign wealth fund; LPs are wary of GP hyperbole.

In today's edition, PE's liquidity crunch is driving an evolution in structured offerings; AI's defence drive could create headaches for tech investors; Tikehau targets Japan.

The tool could allow the US pension to redirect staff focus towards analysing distributions, such as those from dividend recaps, exits or CVs, CIO Lamar Taylor said at a meeting on Monday.

Exits and liquidity pressures, growing mid-market opportunities and the rise of evergreen capital are reshaping how LPs are approaching private equity investing.

The proposal would provide safe harbour to pension fiduciaries who offer alternatives such as private equity in 401(k) and other retirement plans.

In today's edition, PE's liquidity crunch sparks an LP default; Secondaries could receive a further injection of capital; KKR finds another 15x reasons to endorse ESOPs.

The pension is betting on an improved M&A environment and will be looking to find value in a 'bifurcated market.'

Evergreen drama could be a result of 'mis-selling' and 'mis-structuring'; one of Australia's biggest LPs gets a new PE head; Mercer prioritises investor liquidity with latest acquisition.

California pension is for the first time adding private equity to one of seven pools of capital designed for select retirees after long-time reliance on returns from public equities and fixed income.

The local government pension pool, with an asset portfolio set to expand to £110bn, has completed its alternatives leadership team.