Pensions

Public pensions often cultivate private equity allocator talent over a period of years, only to have those individuals leave for better paid roles in the industry or at private institutions.

A heated marketplace has meant that many public pension funds are quickly reaching their annual commitment limits, with many also reupping with firms they have worked with multiple times.

The PE manager's GP commitment will account for 10% of Bain Europe VI's total.

Connecticut’s Investment Advisory Council reviewed Mozaic at its April meeting as the finalist for the job.

The £24bn defined contribution pension's first-ever PE mandate will make up to 10 investments in small and mid-cap companies.

The UK’s new long-term asset fund structure marks a step forward in the bid to encourage defined contribution pension schemes to invest in illiquid assets, but unlocking capital may require a cultural shift.

Through the platform, New Jersey will invest in SMAs that will each have a target of $250m, which will then be allocated between 10 to 25 underlying private equity funds.

The rules regarding special treatment for some LPs over others could be more eloquently crafted and should rely more on disclosure than prohibition, according to CIO Andrew Palmer.

1996 State Law Requires Fund to Eliminate Unfunded Liabilities by 2028

Elimination of preferred treatment could even the playing field but have other consequences.