Brett Johnson
Howard's endowment saw assets double under Dr Wayne Frederick's tenure as system deployed a windfall of cash from earmarked federal grants.
After a stretch of underperformance against peers, CIO Kevin Sigrist is stepping back into a role he once resigned from in order to find help steering the state pension fund in a new direction.
CalPERS CIO Stephen Gilmore signaled that investments under a governance model that prevents teams working in isolation in asset allocation would have a private markets tilt.
Following a several-year effort to correct an overallocated exposure to PE, early indications from council hint at plans for more reductions ahead of next year’s asset allocation process.
LACERS CIO Rodney June: ‘The opportunity set has grown’ in private equity secondaries market as $26bn pension eyes potential participation.
The California pension’s staff want to continue its co-investment program with Ardian and add develop similar programs with the firm outside private equity
Foundations, particularly large private organizations with more PE and VC in portfolios, show mixed results in a new survey by Commonfund OCIO’s research division.
Staff at Texas endowment with $60bn in AUM ‘likely to recommend’ higher target after steadily building to 20% exposure for private equity.
University of Nebraska Foundation’s endowment is adding PE and other private assets in a challenged market, but it is cautious about accessing new managers and secondary valuations amid a larger LP pull-back.
Staff and trustees of the $85bn California pension are reckoning with a recent history of lagging behind peers’ rebounding private equity portfolios.