public pensions

Nicole Musicco has left the C$63bn Investment Management Corp of Ontario which helps public sector funds scale and gain access to private-market investments.

The pension's PE consultant says the changes will give it 'expanded' options for partners.

As the year draws to a close, PEI data reveals which investors made the most fund commitments over the past 12 months.

Co-investments have given the pension plan a greater insight into its GPs, although finding suitable opportunities is ‘threading a narrow needle’, said director of private equity Michael Bailey.

Institutional investors are changing policy and hiring more internal talent to increase their co-investments.

When faced with criticism of its role in markets and society, the private equity industry has always been able to point to net returns as the ultimate vindication. In 2020 that won’t be enough.

David Enriquez, head of private equity at the $208bn New York City Retirement Systems, talks co-investments, GP-LP best practices and the ‘white space’ it wants to fill in its portfolio.

The combined entity would have more than A$180bn of AUM and be larger than the country’s current largest fund, AustralianSuper.

A lower annual pacing plan would lead to a reduction in co-investment opportunities and preferential treatment from GPs, according to November investment committee documents.

Small- and mid-cap funds have been alpha generators for the pension system's PE portfolio, according to chief investment officer Farouki Majeed.