LP News

While evaluating whether the more holistic approach to investments would be suited for the $230bn pension, the CIO said he was dubious about expected outperformance under the new approach and other suggested benefits.

The California pension’s board, after voicing skepticism about the fund’s increasing PE exposure last month, grilled its consultant on subpar near-term performance.

More and more LPs appear to be adopting an approach to allocation that could help them avoid portfolio imbalances due to volatility.

California pension has relied on a pair of funds of funds managers, Abbott and Pathway, to make investments in its PE portfolio since its inception two decades ago.

The financial adviser’s white paper indicates that higher returns and only moderate risk await LPs who take the plunge into Fund Is.

A majority of LPs are concerned about the 'influence' retail-oriented partnerships could have on the strategies of GPs, a Coller Capital survey found.

Institutional investors in North America were mostly overallocated to PE last year, according to Buyouts data. But portfolio value declines helped drive a plurality of them into underallocation.

The survey found that 86% of private wealth funds aimed to increase allocation to private markets, with venture capital as the most popular asset class.

The pension will later this year review its asset allocation strategy for the first time since 2022, as it contends with liquidity challenges.

The pension’s allocation to private equity has dropped by two percentage points over the last two years, despite efforts to increase exposure.