LP News

This marks the third year in a row that SBCERA has increased its pacing to private equity, with board members concerned that the move wasn’t responding to macroeconomic shifts.

Across private equity and other private assets, there are arguments for optimism, caution and a mix of the two in these brief insights from some high-level sources in the LP orbit.

Brooks Harrington, CIO, private equity at Federated Hermes, explains that the institution takes a 'deal first' approach to backing independent sponsors and building new relationships.

Leaders of $84bn sovereign wealth fund faced little pushback on a suggestion the system should limit private market commitments until improvement of valuations, other trends.

Chris Eckerman, who had spent the past 12 years at SWIB, will lead up TPSF’s efforts to expand into the co-investment space.

Aksia believes the fund’s legacy GP relationships are burdening the pension’s administrative capabilities and could 'lead to return compression over time.'

The cut comes as the pension looks to address the 'lower than expected' distributions since 2021 from the portfolio, causing the asset class to bloat.

Howard's endowment saw assets double under Dr Wayne Frederick's tenure as system deployed a windfall of cash from earmarked federal grants.

The pension plans to double the amount of capital it committed this year to private debt funds in 2026.

Positive cashflows have kept the California-based pension fund from hitting its target allocation to private equity.