US

'Our top priority is positioning HPC for its next phase of growth,' William Sonneborn tells Buyouts.

With more VC-backed start-ups choosing to stay private longer, liquidity to fuel recruitment and retention is in short supply. A new partnership between NewView Capital and Carta aims to make company-sponsored tenders easier to execute.

Meketa, consultant for $26bn system, and board members suggest smaller public market allocation than peers and roughly 50% exposure to privates came at a cost during prolonged bull market.

San Francisco pension with $41bn in assets sees stronger long-term outperformance potential outside crowded buyout mega-funds.

Hawkins joins from JPH Revenue Partners, where he was an operating partner.

The pension fund plans to increase its private credit allocation at the expense of its overweight private equity assets.

The pension is targeting a private equity commitment range of $400m to $1.05bn in FY-2027, along with an additional $200m for co-investments.

Fund VI’s target size marks a 25% increase from its predecessor, which closed in 2024 with $600m of capital.

The pension will commit $263m to private equity across its plans in 2027, after doubling its pacing last year.

The pension system will increase its leverage cap by five percentage points to 'take advantage of market opportunities.'