Investor Commitments

The $24bn pension fund, which has 8% in private equity, plans to gradually increase its annual commitment pace to reach its 12% target by 2026.

The $20bn pension fund increased its annual expected commitment range to $425m-$475m for 2017 after raising its target allocation to 12% for private equity in June.

The country’s finance ministry will consider whether its $871bn Government Pension Fund Global can invest in the asset class via funds or directly.

Neuberger Berman offered management fees for this co-investment and fund investment-focused vehicle that were more favourable to New Jersey than the previous separate account.

Quantum Energy Partners’ previous fund closed on its $4.45bn hard-cap in July 2015.

The increase is part of the $11bn pension’s effort to meet its new long-term private equity target allocation of 8%.

The California pension fund has said it will rescind its investment in the Alcentra European-focused direct lending fund over concerns about the leverage facility used in the fund.

The planned commitment is up $20m from the pace achieved in 2016.

The $2.6bn pension fund increased the amount it committed to the asset class in 2016 in an effort to reach its new target.

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