US

The system plans on building exposure to infrastructure and private credit, along with pursuing its steady pace in private equity, to try to boost returns.

In nearly six years at Index, Fiorentino led investments in more than 10 companies that raised follow-on funding, including RevenueCat, Loop and Pomelo, among others.

Amit Agarwal, who stepped down as president of Datadog at the end of 2024, has been named a general partner at Iconiq Growth.

Heyman is now co-managing partner of JPMorgan Growth Equity Partners, which closed on a $1bn fund last year.

The US state institution aims to invest more in private assets at the expense of its public market exposure.

The $865m fund will be invested by a new growth team led by former TCV general partner Shalini Rao and including alumni of Bessemer Venture Partners, EQT Group, Insight Partners and Bond.

'This is the best time ever for investing – and yet it’s hard to get capital,' says Ryan Hinkle, managing director of Insight Partners.

LPs include Mubadala Investment Co, tech investor Yuri Milner, Bolt Ventures, Boxfish Corp, Ferguson Capital II, Lakefield Enterprises III, NJF Capital Corp and RIT Capital Partners.

The SEC private fund rules will provide a regulatory framework around GP-led secondaries, ultimately supporting their continued growth, say Tim Toska and Emily Ergang Pappas of Alter Domus.