Private Equity

LP News

LACERS consultant: PE valuations won't go down significantly until Q2

Jeffrey Goldberger told the $17.2bn pension that PE managers told TorreyCove their holdings declined an average of 10 percent in value in Q1.

3 min read · 27 May 2020

Texas A&M Foundation hires Michael Pia as CIO

Pia previously worked as a director at Teacher Retirement System of Texas.

1 min read · 22 May 2020

Los Angeles pension to pull $100m private credit pledge to Alcentra over departures

The committee recommended redeploying the non-US mandate to Crescent Capital, another manager the system approved for the private credit program.

2 min read · 13 May 2020

Hamilton Lane CEO: rescue opportunities could be "better than in any other timeframe"

Mario Giannini told Louisiana Teachers' investment committee to start looking into rescue capital opportunities "fairly quickly."

3 min read · 11 May 2020

LACERA CIO: pension learned from 2009 crash, will not back away from PE in crisis

In a letter to the $58.8bn pension's board, Jonathan Grabel said LACERA would stick to its investment pace and also look for unique opportunities.

3 min read · 06 May 2020

MassPRIM staff says PE portfolio will become "net buyer" instead of "net seller"

PE Director Michael Bailey also said 15 percent of its managers' portfolio companies were facing trouble.

3 min read · 05 May 2020

LPs weigh the future of their private equity programs

LPs decide whether to accommodate for the denominator effect or to sit tight and wait for the right moment.

6 min read · 05 May 2020

VCERA to stay course on private equity build-out amid slowdown

The pension's private equity program is still in its "development phase," but its consultant believes sticking to the plan during the market dislocation could prove profitable.

2 min read · 30 April 2020

New Mexico SIC: more than 70 companies applied for relief through recovery fund

Businesses from the hospitality, food and technology sectors sought out loans.

2 min read · 29 April 2020

Virginia hikes PE allocation in wake of pandemic "market action"

The $77.8bn pension had passed its July 2021 goal to grow its PE program, so it reset its targets as of April 1.

2 min read · 29 April 2020

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