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PSERS reveals sub lines make up nearly 11% of unfunded commitments

The pension has presented its first report on subscription lines exposure, and plans to communicate the data every quarter, according to chief investment officer James Grossman.

Inside PSERS’ co-investment programme

The pension system has reviewed opportunities from more than 20 GPs and made more than 54 private equity co-investments.

LACERS increases investment pacing as it looks to trim GP relationships

The pension system will also consider commitments to strategies designed to outperform in down markets, investment committee meeting documents show.
Texas TRS

Texas TRS’s PE Strategic Partnerships miss target returns

Apollo and KKR manage more than $9bn across multiple strategies in a programme designed to deliver more than dollar returns.
Secondaries shopping

Rhode Island charges ahead with new secondaries strategy

The pension system picked up secondaries stakes in Industry Ventures, Paine Schwartz and Eureka Equity funds.
performance watch

Performance watch: Leonard Green’s mega-buyouts

The firm is raising almost $12bn in capital across two funds focusing on mega-buyout and mid-market buyouts strategies.

OPIC relaunch and private equity push faces setback

The US development finance institution's rebrand, including its plans to invest equity as an LP in private equity funds, has been delayed.
Small buyouts

Small buyout managers boost SWIB’s core PE performance

Commitments to fewer managers and sale of non-core managers on the secondaries market led to mega and large buyout funds exposure dropping by 29.5% from December 2009 to Q1 2019.
FTV fund raise

FTV Capital aims for its first ever $1bn fund

Details of the firm's latest flagship fund were revealed in Texas Municipal Retirement System documents.

Performance watch: Ardian’s buyouts funds

The firm's latest vehicle has a hard-cap of €6.5bn. Here we present performance data from previous funds and key fund term data points for the new vehicle.  

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