Co-investments

Co-founder says the culture the firm has created 'strongly resonates with investors.'

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 firm is eyeing more appointments in Hong Kong and Singapore soon, Asia investor relations head Chris Cho tells PEI.

Siguler Guff Small Buyout Opportunities Fund VI had as of December secured $1.67bn, or more than three-quarters of its target, according to Form D filings.

The fund will be deployed towards primaries, secondaries and co-investments across lower mid-market private equity.

The US's largest public pension had a streak of co-investments underperforming funds in most periods over several decades, according to private equity head Anton Orlich.

The raise comes at a challenging time in the private equity fundraising market, especially for newer managers.

Brooks Harrington, CIO, private equity at Federated Hermes, explains that the institution takes a 'deal first' approach to backing independent sponsors and building new relationships.

Leaders of $84bn sovereign wealth fund faced little pushback on a suggestion the system should limit private market commitments until improvement of valuations, other trends.