Pensions

The 'total portfolio approach' has captured imaginations in 2025, though the model has both strengths and weaknesses for private equity investors.

Buyouts highlights some of the private equity funds and themes it believes helped define the market in 2025.

Chris Eckerman, who had spent the past 12 years at SWIB, will lead up TPSF’s efforts to expand into the co-investment space.

Chris Eckerman, who had spent the past 12 years at SWIB, will lead up TPSF’s efforts to expand into the co-investment space.

In today's edition, The continuation vehicle serving as the latest example of GP-LP friction; And yet, the continuation boom looks set to continue into 2026; Another GP plants its flag in Tokyo.

PE's exit drought is prompting LPs to rethink their long-term allocations; Ares strikes its first PE deal Down Under; CVC's 12-year hold comes to fruition.

'How we did it,' says Craig Ferguson, IMCO’s head of private equity and global credit, is a 'magical story' grounded in the 'luxury of being able to focus and distil the signal from the noise'.

Aksia believes the fund’s legacy GP relationships are burdening the pension’s administrative capabilities and could 'lead to return compression over time.'

European governments have sharply ramped up defence budgets this year, leading to LPs and GPs alike undergoing a mass sentiment shift in favour of the sector.

The cut comes as the pension looks to address the 'lower than expected' distributions since 2021 from the portfolio, causing the asset class to bloat.