Dietrich Knauth

Will commit up $200 mln to co-investments Consultant: co-invests have saved $30 mln since 2014 Pensions have 12 pct target allocation to PE Missouri school pension system plans to commit up to $825 million to private equity funds and co-investments in 2019, after committing more than $1 billion to the asset class in 2018. Public […]

Why is this important: State sees opportunity to save fees via co-invests, secondaries AUM: $29.2 billion Contact: +1 803-737-6885 South Carolina Retirement System Investment Commission plans to reduce its private equity fees by committing more to co-investments and secondaries. The system said a new co-investment platform will help move the needle on fees. CIO Geoffrey Berg said […]

SC wants to use co-investments to reduce PE fees New platform should allow SC to decide faster Pension pledged $75 mln to Providence growth fund South Carolina Retirement System Investment Commission plans to reduce its private equity fees by committing more to co-investments and secondaries. The system said a new co-investment platform will help move […]

AUM: $362 bln Why this is important: CalPERS board is urging pension system to co-invest Contact CalPERS: +1 916-795-3000 California Public Employees’ Retirement System board members are pushing for the system to start co-investing in private equity, even if it means rewriting rules to enable staff to move decisively when opportunities arise. The $362 billion pension discussed […]

CalPERS currently does not co-invest Pension has struggled to meet PE allocation goals Has preliminary green light for CalPERS-controlled PE funds California Public Employees’ Retirement System board members are pushing for the system to start co-investing in private equity, even if it means rewriting rules to enable staff to move decisively when opportunities arise. The $362 […]

GPs raised $79.9 bln in the first quarter Spinouts and co-investments help LPs avoid escalating fund sizes Recession fears boost credit, infrastructure, special situations Demand for private equity remained sky-high in the first quarter of 2019, with buyout and mezzanine funds raising $80.9 billion. But limited partners, spooked by recent market volatility and other recession […]

Assets under management: $44 bln PE target: 13 pct Key Advisers/Consultants: NEPC, Neuberger Berman Whom to contact: Holland Timmins at +1 512-463-9169 Texas Permanent School Fund approved a new three-year contract with private equity manager Neuberger Berman, extending a relationship that gives Neuberger discretionary control over 30 percent of its PE investments. The $44 billion […]

RFP seeks up to 3 advisers, focused on Americas, Europe/Mideast, Asia CalSTRS has 13 pct target allocation to PE Pension intends to award three-year contracts California State Teachers’ Retirement System wants to hire up to three private equity advisers, each focused on fund investments in a specific geographic region. CalSTRS, which has $223.8 billion in assets […]

AUM: $19.5 bln RE allocation: 9 pct; target 10 pct PE allocation: 15 pct; target 14 pct Whom to contact: Lisa Honore at lisa.honore@trsl.org Investment Adviser: Hamilton Lane Teachers’ Retirement System of Louisiana is looking for a consultant to manage its private-markets investments, including PE, private debt and real assets, The $20 billion system currently employs Hamilton […]

Why this is important: NYS Common moderates its PE pacing AUM: $207 bln After a busy finish to 2018, New York State Common Retirement Fund took a more moderate approach to PE pacing in the first two months of 2019. The $207 billion fund committed a total of $6.3 billion to private equity in 2018, […]