Pensions

The fund follows in the footsteps of other smaller pensions looking to increase their co-investment abilities.

LACERS CIO Rodney June: ‘The opportunity set has grown’ in private equity secondaries market as $26bn pension eyes potential participation.

The California pension’s staff want to continue its co-investment program with Ardian and add develop similar programs with the firm outside private equity

Private equity’s liquidity premium appears to be eroding at a faster rate than ever before. Plus: a UK pension giant is pumping more into PE; and a German LP gets a new CIO. Here's today's brief, for our valued subscribers only.

Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It's an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.

EQT continues to put up strong exit numbers, defying a broader drought. Plus: Apollo taps a Japanese LP heavyweight to lead its Asia business; and a big Australian investor gets a new private markets head. Here's today's brief, for our valued subscribers only.

The unit will sit within the firm's $280bn private wealth business and will focus on broadening retirement savers’ access to private markets.

The litigious and fee-sensitive nature of the DC market will make it slow to adopt private market investments, says the firm's president and CEO Jenny Johnson.

Some Japanese pensions are 'stopping re-ups' due to private equity's exit drought, research executive Manami Akita tells PEI.

The pension plan is preparing to sign off on a new mandate that would quadruple its co-investment pace over the next three years.