People - LPs

Texas Teachers’ has formed a special committee to replace the longstanding CIO, who will depart following a cancer diagnosis.

Promoted to IMCO’s head of private equity in 2024, Elia believes that after roughly five-plus years of outsized growth the PE program is now ‘entering a more mature phase.’

The value of the strategy is being debated as a tool to be used during an unprecedented slowdown in the private markets.

A more than fivefold growth in resources will put OMERS in the unique near-term position of having plentiful capital for fund commitments at a time when many LPs are struggling with liquidity issues.

Andrew Roth’s departure follows the exit of his co-head, who left shortly after it was reported that the LP would cut back on its private equity allocation.

YMCA’s retirement fund managed assets of about $10bn as of June 30, 2025, according to the system’s annual report.

Brey Jones and John McGuinness have formed Thirdpath, an advisory shop focused on constructing customized private equity and private credit portfolios for institutions.

Some LPs reject the idea of investing alongside retail vehicles outright. Others accept that it is a tsunami they will have to ride and are making progress in how they protect their privileged place.

The pension fund is beginning its search to replace Kristin Varela, after she was hired to head NMSIC’s investment activity.

Marcie Frost started out as a teenage mother with a temp job as a typist. She would rise to become the CEO of the largest public pension in the US, without receiving a college degree, and experiencing a diversity of roles along the way that no college degree could buy.