North America

The California pension giant with $613bn is demonstrating a near-term performance boost following a heavier emphasis on venture and growth, co-investment and secondaries.

The $74.9bn US pension believes Clearlake’s recent agreement to acquire Pathway Capital Management poses issues for its own PE portfolio.

Even assets bought at a less frothy era in the market are proving hard to sell. The question is, why?

In today's edition, LPs aren't letting anything stop their defence offensive; A defence expert's prompt return to market; A US endowment gets a new head honcho.

The pension fund is set to make its second cut to its PE target in four years, with the LP suggesting it may make secondaries sales in specific scenarios.

Valuation vaguery could prove a sticking point in PE's 'democratisation'; another GP launches a continuation fund strategy; climate investors target opportunistic 'grey areas'.

Novel and unexpected offers to take assets off a GP's hands will likely rise.

Aversano tells us about his dream job as a police officer, the importance of ‘grit’ to professional success, and why the golf course is his sanctuary.

'It's been a tough four years for private equity... and it's why DPI is IRR today – not the new IRR – it is IRR today,' Matthew Roche, partner with StepStone Group said.

The firm is joining a growing number of PE entrants expanding into the secondaries market, affiliate title Secondaries Investor understands.