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Investor Commitments

The firm’s co-head of US buyout, Sandra Horbach, said LPs are showing strong preference for funds focused on ESG and other factors – prioritising this even over high returns.
The $107.5bn state pension’s private equity failed to outperform its benchmark for all six time periods observed as of 30 September.
The US public pension plan is considering investing in a special purpose vehicle to make private markets investments, bypassing external general partners.
The seventh Asia-focused fund, which is targeting $4.5bn, secured a $100m re-up commitment from New Mexico State Investment Council.
Teacher Retirement System of Texas, which generates some of the best private equity portfolio returns among US public pension funds, won’t invest if it thinks GPs are being greedy
The Texas Municipal Retirement System approved nearly $380m for private equity commitments so far this year, short of its $600m target.
The Iowa Public Employees’ Retirement System is keeping its $800m annual commitment level to private equity, which it raised from $700m in 2015.
Despite perceptions of a move to trim back manager relationships, almost 80% of LPs are looking for new partnerships, surveys find.
Beyond continued interest in traditional PE funds, high-net-worth individuals are increasingly seeking access to direct investments alongside GPs, says Lawrence Calcano, CEO of iCapital Network.
The Canadian pension fund’s private equity portfolio had been steadily increasing, marking a 5% quarterly increase in its fiscal second quarter ended 30 September.
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