Pensions

The system could also expand its growth equity exposure, which is below its target allocation.

The pension fund plans to increase its private credit allocation at the expense of its overweight private equity assets.

The pension is targeting a private equity commitment range of $400m to $1.05bn in FY-2027, along with an additional $200m for co-investments.

In today's edition, How one of Canada's fastest-growing LPs is approaching PE; Small buyouts and mega-transactions drive distributions; APAC families go all-in on impact.

Bradley has played an active role in discussing PE strategy with the board and pioneered the use of secondaries sales at the $219bn system.

In today's edition, Our latest ranking of the world's largest secondaries fundraisers; An earlier than expected shakeup for Partners Group's C-suite; A secondaries specialist joins PE's growing band of MENA movers.

The pension anticipates increasing its private equity allocation to a $1bn target by 2030, as it expects a growing influx of distributions over the next four years.

The pension will commit $263m to private equity across its plans in 2027, after doubling its pacing last year.

In today's edition, A $62bn pension is seeking leverage for liquidity; A sovereign wealth fund's PE allocation falls to a nine-year low – with a catch; Chinese PE activity rebounds.

He replaces Geoffrey Geiger, who left USS last year. He will report to Ben Levenstein, head of private markets group, a spokesperson said.