Allocations

The California system, which committed to early-stage tech investor Eclipse this year, is ramping up its private equity program after a spike to its target allocation.

The Sacramento County Employees' Retirement System plans to ease back on its commitments to venture until it sees a rebound in the exit market.

By partnering with multiple technical universities and engaging corporations seeking to innovate, the Brussels firm plans to fast-track commercialization of new technologies.

While many large investors have soured on private equity due to allocation problems and a shortage of distributions, at least three giant pensions are looking to put more to work.

The pension system could pump more money into venture and buyout funds if it approves a recommendation to hike its target to private equity from 6 percent to 10 percent.

The nation's largest pension fund wants to grow VC from about 1.4 percent to 10 percent of its private equity portfolio.

'The valuation environment is generally more rational now, even at the earliest stages, so it will be hard to justify a larger or even flat fund size, in most cases,' one LP tells Venture Capital Journal.

Alaska Permanent Fund, which has committed to seven venture funds this year, will lower its private equity target and embark on a reduced pacing plan for FY 2024.

The nation’s second largest pension system sees potential for greater returns and adding to sustainable investing by increasing its allocation to private equity.

"We have observed throughout our history that some of our highest performing private equity vintage years originate during volatile times like this," said CIO Michael Trotsky.