US

Finding itself at the more conservative end of LP exposure to PE in recent years, one of nation’s largest sovereign wealth funds is exploring an expanded role for private assets

The US secondaries market may have notched up record levels of deal activity in 2024, but global trade uncertainty and volatility elsewhere in the markets leave the situation delicately poised.

With peers facing substantial portfolio challenges, the $30bn endowment is urging restraint in what its leaders say is an environment for endowments akin to 2008’s financial crisis.

Pension enticed by perks of pairing up with new managers in current PE environment, plans several-year allocation to Adams Street Partners-managed fund.

Even as pension’s underweight to US assets keeps it insulated from market decline, system is watching for managers developing strategies suited to trade war scenario.

ONCAP V includes $250 million from Onex.

PE strategies haven’t deviated significantly as a reaction to geopolitics or market conditions, according to a trio of LPs who spoke at a NEXUS 2025 panel.

The third season of Disruption Matters podcast miniseries examines the intersection of tech, talent and artificial intelligence and how it’s driving growth at portfolio companies.

On an optimistic note, Meketa said distributions were starting to roll off of the pension's portfolio.

Washington pension’s long-time partners address issues ailing PE assets, while articulating reasons for optimism in 2025 look-ahead.