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Pennsylvania pension systems explore central investment office

PSERS and SERS have engaged McKinsey on separate contracts to explore merger possibilities for their investment functions.

CalPERS gets green light on ‘direct’ programme

Staff at the US's biggest public pension won approval for its proposed programme ‘in concept’ and will need to go back to the board with proposed partners and investment opportunities.

LACERS opens door to secondaries trades

The LP has restructured its private equity portfolio, increasing its commitment capacity to the strategy and to emerging managers, and it can now sell interests on the secondaries market.

Texas Municipal pledges half its 2019 pacing target

The pension system approved commitments to two new managers and two re-ups.

Texas Teachers: ‘good intention’ of credit lines being lost

Comments from one of the US's largest pension plans are a reminder that the debate around credit lines is not settled.
Enriquez

What NYCRS looks for in a GP

David Enriquez, head of private equity for the pension system, shared three things GPs should be aware of when seeking capital.
Enriquez

NYCRS’ Enriquez: launching PE co-investment team is ‘priority’

The most appropriate model for the $200bn pension system is probably not the Canadian approach, David Enriquez, head of private equity, told PEI.
Stephane Etroy

CDPQ’s Etroy on the indirect benefits of going direct

The way the Canadian pension giant's Stephane Etroy sees it, pushing into directs has a positive effect on the whole private equity programme

PSERS eyes secondaries sale amid fee reduction push

The proposed deal comes amid a recommendation by a state commission that PSERS and fellow pension SERS cut illiquids and move to passive index investing.

Five takeaways from CalPERS’ investment committee meeting

The $362bn pension plan laid out its plans for its direct investment programme and named an interim CIO.

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