Insight

The $59bn pension's decision comes two years after a state commission recommended it cut its allocation to illiquid investments.

The Värde Dislocation Fund raised $1.6 billion, surpassing its $1 billion goal. It has a flexible mandate to invest in opportunities created by economic disruption.

CIO Bob Jacksha declined to confirm whether or not the decision was due to Vista founder Robert Smith's recent non-prosecution agreement with the federal government.

The pension has written a $500 million check for AlpInvest Secondaries Program VII, just months after committing $300 million to Ardian's ASF VIII.

President Trump's Department of Labor has instituted new rules that many see as a blow to the growing environmental, social and governance investment models.

Dig deeper into how LPs are operating in the market with our new analysis of investor commitments.

Portfolio Advisors is expanding its secondaries offerings with the launch of a dedicated fund focusing on GP-led restructurings. Stephen Sloan, who joined the firm last month having been private capital advisory head at Greenhill, will co-lead the effort.

Newbury Partners is marketing a fifth secondaries offering with a target of $1.75 billion and a hard cap of $2 billion, Buyouts reported last November.

Of the 16 registered private funds that faced discipline this year, only one disclosed a pending SEC enforcement matter in advance, reports Private Funds CFO.