LP News

The private equity asset's underperformance has created a 'drag' on the overall fund performance over the past year, with the fund’s total return amounting to 6% over that period.

The system set pacing for private equity commitments at a range of $550m-$1.05bn for the next fiscal year, making up a significant portion of its overall target commitment pace of $2.5bn-$4bn.

During discussions, the treasury committee said it would target GP-led secondaries deals.

LP overallocation has been a key factor in slow private equity fundraising over the past two and a half years.

The expanded focus would include co-investments in private real assets, private income strategies and unique strategies.

Despite the increased target, the pension system's private equity allocation remains overweight by 1.8%.

The decision to increase small/medium buyouts’ portfolio share falls in line with other large public LPs.

LP-led deals accounted for $40bn of the $68bn of global secondaries volume seen in H1 2024 as bid-ask spreads narrowed.

School Employees' Retirement System of Ohio commits $75 million to Graham Partner's US-based buyouts fund and its sidecar.

The pension giant is investing in smaller, newer and off-beat funds – and leads the way in our survey of the busiest and biggest LPs.