Pensions

The new joiners, including ex-CDPQ senior director Philip Hunter O’Brien, will operate from the $41bn system’s Austin headquarters, CIO Yup Kim tells PEI.

The decision comes as part of ERS Texas’ continued commitment to the private equity asset class, bumping its fiscal year 2024 target up $50m from last year’s $600m targeted commitment.

An introduction to some more fundraising platforms you may have missed. Plus: LA Water and Power is raising its private equity allocation; and CPP Investments signs a brace of secondaries deals. Here's today's brief, for our valued subscribers only.

One of private equity's oldest firms is seeking only a modest jump in fund size. Plus: a map of the UK's pension system and its rising appetite for impact investments; and a look at how Permira is utilising AI. Here's today's brief, for our valued subscribers only.

CPP Investments' decision to promote its PE funds head could tell us something about its intentions for the asset class. Plus: EQT wants to raise $12.5 billion for APAC; and Triton has wrapped up a 2009-vintage vehicle. Here's today's brief, for our valued subscribers only.

In taking over from Suyi Kim, Gubbels will become CPP Investments’ second consecutive female private equity head.

A difficult fundraising environment is giving LPs more leverage to negotiate issues such as key person time requirements and automatic termination of investment periods.

With SEC rules scuttled, the Institutional Limited Partners Association is seeking 'something that the industry can work together on collaboratively', according to its managing director of industry affairs.

A look beneath the hood of Korea's largest private equity portfolio. Plus: GPs are revisiting bridge funds; and sovereign investors are fretting over geopolitics. Here's today's brief, for our valued subscribers only.

Headwinds were likely caused by the continued transition to higher base interest rates and a slow-down in M&A activity.