LP News

The pension is betting on an improved M&A environment and will be looking to find value in a 'bifurcated market.'

California pension is for the first time adding private equity to one of seven pools of capital designed for select retirees after long-time reliance on returns from public equities and fixed income.

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 pension fund is set to make its second cut to its PE target in four years, with the LP suggesting it may make secondaries sales in specific scenarios.

ERS Texas stated that while current offerings did not meet their standard for inclusion, the pension would continue to review them down the line.

An eventual uptick in distributions will lead to higher pricing, which will see a larger proportion of opportunistic LPs coming to the market, managing director Jake Stuiver tells affiliate title Secondaries Investor.

The pension will look to increase its exposure to both the European market and secondaries in 2026.

Joined by global peers, Mike Lazorik of Texas TRS tells delegates at PEI Group's NEXUS 2026 event that LP-GP alignment ‘has never been more complicated.’

Two reports released in the last month show university endowments are in generally strong financial condition, even as Princeton looks to cut its return expectations.

The pension has been actively pursuing opportunities in the secondaries market over the past few years.