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Illinois Municipal's Dhvani Shah

How Illinois Municipal designed its PE programme around its constraints

Private equity must outperform all other strategies for the pension plan to reach its assumed rate of return, says chief investment officer Dhvani Shah.
CPPIB's new SF office

CPPIB adds fourth private equity office as it crosses C$400bn mark

San Francisco will be the Canadian giant's second US location, where it expects its on-ground-presence in the technology ecosystem to help various initiatives.

Texas TRS to co-underwrite co-investments

The pension system is in the process of expanding the direct investment portion of its private equity portfolio from 26% to 35%.

WSIB’s Bruebaker: ‘You never want to waste a good crisis’

Gary Bruebaker steered the pension system through the financial crisis to build out a robust private equity programme.
Pennsylvania State Capitol Building in Harrisburg

Penn SERS board pushes for more transparency

The pension system’s private equity portfolio has been criticised for its cost and number of manager relationships.

Investcorp plans first US institutional fund

The firm has been co-investing with large institutions and raising capital on a deal-by-deal basis in private equity in the US until now.

How Alaska does co-investment

Alaska Permanent Fund’s co-investment programme has consistently outperformed its fund portfolio.

LPs boost 2019 PE allocations to accommodate choice funds

Employees’ Retirement System of Texas and Teachers’ Retirement System of Louisiana are already over-allocated to private equity.

PSERS postpones vote on US buyout fund over ESG concerns

Advocacy groups raised concerns with the US pension about Platinum Equity portfolio company Securus, which manages inmate phone systems for state prison systems.

How Rhode Island plans to use secondaries to boost its PE exposure

PEI speaks with senior investment officer Jonathan Popielarski about the types of fund stakes the US pension wants to buy so it can hit its 11% target allocation.
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