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'Insight’s performance has been challenged,' said board member and state Treasurer Stacy Garrity. The manager’s failed investment in FTX was also a concern.

CalPERS is increasingly keen on customisation within private equity. Plus: A new platform aims to tackle a comparatively underserved segment of the LP interest market; and a Blackstone MD has left the firm. Here’s today's brief, for our valued subscribers only.

PE investors expect AI to make a significant contribution to deal origination, according to Coller Capital’s latest barometer.

We’ll see some firms quietly take a bow, and back off the stage, as it becomes apparent they can attract no more capital. Others will cut targets, and many will have to shrink (at least for a while).

The manager has also increased the number of portfolio companies it intends to target, along with investment sizes.

The Orange County Employees' Retirement System has committed to four new private equity funds, including EnCap Flatrock Midstream V.

LP turnover has long been a challenge for many institutions, especially on the public side, as the loss of a veteran leader can disrupt the knowledge and plans of the portfolio built under his or her tenure.

The Baton Rouge-based public pension has made a new commitment to private equity.

Catalyst, a sustainability-focused private markets strategy, is drawn to opportunities in China’s burgeoning renewable energy sector, APAC head Matthew O’Sullivan tells PEI.

Climate Assets Fund I's limited partners include California State Teachers’ Retirement System, PSP Investments, AP4, Colonial First State Investments, Builders Asset Management and AP2.