Pensions

While the pension has been a net buyer of secondaries in the past, poor distributions from private equity assets in these particular vintage years would cause the LP to look at opportunistic sale processes of certain managers.

Ex-CalPERS CIO Nicole Musicco shares the secret to avoiding her former employer's "lost decade of returns". Plus: Korean LPs are leaning into Europe, but concerned about currency. Here's today's brief, for our valued subscribers only.

The $82bn pension’s staff are expressing confidence in the direction of the portfolio despite relinquishing a spot as a top performer from early PE programme.

Industry participants from the UK’s local government pension schemes weigh in on fiduciary duty, members’ financial interest and the risk of requiring UK investment.

Investors at one of the world's largest defined benefit systems are facing pressure on multiple fronts amid concerns of state-mandated investment requirements. Plus: Partners Group is doubling down on the Middle East. Here's today's brief, for our valued subscribers only.

One of Australia's most influential LPs is doing the utmost to continue driving diversity at the GP level, despite wider headwinds. Plus: the SEC's budget seems to confirm industry hopes of a less aggressive regulatory future. Here's today's brief, for our valued subscribers only.

Blackstone's chief exec tells Side Letter the three best places to invest a spare $10 million right now. Plus: NYCRS' PE head's departure and OTPP experiences another senior PE loss in Asia. Here's today's brief, for our valued subscribers only.

The $200bn pension now places a greater focus on the CV market, which is less crowded by retail capital, according to senior investment officer John Bradley.

The buyers have been identified in one of this year's most closely watched PE sales processes. Plus: Florida SBA on AI opportunities and our PEI 300 video. Here's today's brief, for our valued subscribers only.

Ardian says Asian investors are keen to invest more in Europe as a result of the US tariffs. Plus: CalPERS' PE performance, and a €700 million debut fundraise. Here's today's brief, for our valued subscribers only.