Private Equity
“What happens if one of the managers decides to lay off 10% of staff of one of their investments? Can you imagine the headlines and pressure on us to step in and prevent that from happening,” said one board member.
3 min read · 13 April 2023
Consultant Wilshire projects an expected 10-year return of 9.9% for private equity.
2 min read · 12 April 2023
CalPERS ranks Wilshire as the top candidate for both its general fund and private equity program as the nation’s largest pension system continues its PE overhaul.
2 min read · 10 April 2023
The system looks to reach an 8% targeted allocation to private equity.
1 min read · 07 April 2023
More LPs are pushing back against usually routine requests as they face slowing cash flows and concerns about valuations.
2 min read · 06 April 2023
The denominator effect caused the system’s private fund portfolio to soar in 2022. Staff believes a range will help it better manage the $80.1bn system’s private assets.
2 min read · 04 April 2023
Fresno County’s investment officer is critical of projected distributions provided by third-party consultants.
3 min read · 31 March 2023
An exit market slowdown is starting to crimp investors, especially as many are also overexposed to private equity due to the denominator effect.
2 min read · 28 March 2023
Investors are starting to feel the pinch of contributions outpacing distributions.
1 min read · 24 March 2023
'When you pay all-time high prices, it tends not to be a good thing,' Blackstone’s chief administrative officer told Virginia Retirement System board members.
1 min read · 21 March 2023
