Private Equity

LP News

LACERS sees steep hike in capital calls

CIO Rod June said the $17bn fund had enough cash on hand to handle the increased capital calls.

2 min read · 29 April 2020

CalPERS staff, board members lock horns over external manager selection

The annual changes to the investment committee's delegation changed or eliminated several clauses which board members and stakeholders saw as transferring power from the board to staff.

4 min read · 21 April 2020

Texas Teachers CIO says private asset losses unlikely to be "dramatic"

The pension's investment teams were “actively rebalancing” asset allocations to stay within proper benchmarks.

3 min read · 20 April 2020

Poll: Majority think coronavirus crisis will cause "severe recession" like 2008

The flash poll from investment consultant NEPC consisted mostly of education endowments and private foundations.

2 min read · 16 April 2020

LPs face big task tracking Q1 GP investment values

LPs will have to prepare for a higher level of due diligence as they track the values of private equity investments for 2020 Q1, as the usual process is unlikely to be accurate.

3 min read · 15 April 2020

CDPQ launches C$4bn pool to support Québec companies during coronavirus crisis

Canada's second-largest pension will assist companies that were profitable before the crisis and will provide assistance in designing financial instruments to get through the crisis.

2 min read · 07 April 2020

CalSTRS has the cash to pounce on opportunities in coronavirus-fueled dislocation: CIO

Chris Ailman also said the pension fund would be more interested in "collaborative structures" than traditional partnerships.

3 min read · 02 April 2020

Michigan commits to Leonard Green, Advent, SK funds

Michigan also posted its 2019 fourth-quarter returns and valuations for its March 19 meeting.

2 min read · 30 March 2020

New Mexico SIC pledges $100m to recovery fund for businesses impacted by coronavirus

The board approved a $100m commitment to the New Mexico Recovery Fund, managed by private equity firm Sun Mountain Capital.

2 min read · 26 March 2020

Los Angeles Fire and Police pension CIO expects distributions to dry up, PE could come under budget

The $23.58bn pension recently proposed higher spending on PE in the next fiscal year, but is prepared for it to be less.

3 min read · 26 March 2020

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