Dietrich Knauth

Most recently deputy CIO at China’s forex agency Worked seven years in CalPERS investment office Succeeds Eliopoulos; start date not yet determined California Public Employees’ Retirement System named Ben Meng chief investment officer, succeeding CIO Ted Eliopoulos. Meng, 48, has been deputy CIO at China’s State Administration of Foreign Exchange for three years. He previously worked a […]

CalSTRS to add a multi-strategy sub-asset to its PE portfolio, grow it from 1.2 pct to 4 pct System is developing new benchmarks, mulls how to measure “non-traditional” PE Non-traditional PE investments include multi-strategy, special mandates, and longer-term investments California State Teachers’ Retirement System received approval to move forward with an investment policy that will […]

NYC wants to commit additional $2 bln to cleantech, climate solutions Will seek co-investments, separate accounts, and structures that give it more control over private market commitments Three of the five city pension plans support the initiative, which builds on fossil-fuel divestment study The $195 billion New York City Pension Funds is seeking investments focused on […]

The $17 bln retirement system is preparing RFPs to meet a new asset allocation policy LACERS will seek niche strategies to provide enhanced return in the fixed income asset class LACERS also remains underweight in private equity The $17.2 billion Los Angeles City Employees’ Retirement System plans to begin a search for private credit managers […]

Why this is important: Boost is necessary to keep system close to allocation target AUM: $8.4 bln; target allocations 10 pct to PE, 3 pct to infra Pension divides PE equity portfolio between GCM Grosvenor and StepStone New pacing plan increases GCM’s three-year target to $550 mln from $375 mln GCM Grosvenor will focus on mid-market […]

The $8.4 bln pension divides its private equity portfolio between GCM Grosvenor and Stepstone New pacing plan increases GCM’s three-year target from $375 mln to $550 mln GCM Grosvenor will focus on mid-market buyouts, co-investments and emerging managers San Diego City Employees’ Retirement System plans to commit $550 million to private equity over the next three […]

$129 bln system commits to European megafund, microcap buyout fund PE allocation 21 pct; target range 19-27 pct Commitment proposals go to the full board Sept. 20 Washington State Investment Board’s private-markets committee recommended allocating $375 million to two PE funds, a European megafund and a microcap buyout fund. The $129 billion system plans to […]

New benchmark drops expected premium over public-equity benchmark to 2.5 pct from 4.5 pct Investment staff previously had authority to commit up to $25 mln to PE funds $23 bln system has 9 pct actual allocation, 12 pct target Los Angeles Fire and Police Pensions adopted an investment policy that lowers its benchmark for private equity […]

PA SERS is below its 16 pct allocation target for PE System has a $650 mln annual pacing plan New commitments focus on software, upstream oil and gas Pennsylvania State Employees’ Retirement System at its Sept. 12 meeting approved $175 million in three PE commitments. The retirement system committed up to $75 million to Vista […]

Why this is important: PE performed well; pension reports 2 key management changes AUM: $24.3 bln PE: Target allocation 18 pct; actual 17.3 pct The new commitments are venture capital and growth strategies Contact SFERS at sfersconnect@sfgov.org San Francisco Employees’ Retirement System in August and September made $126 million in private equity commitments, targeting growth and […]