Home Authors Posts by Gregg Gethard
Investors are starting to feel the pinch of contributions outpacing distributions.
'When you pay all-time high prices, it tends not to be a good thing,' Blackstone’s chief administrative officer told Virginia Retirement System board members.
The system eyes steady growth despite the uncertainty in the broader economy.
The $28.2bn system held a rare public debate in selecting a private equity adviser. However, a shortage of board members delayed the vote.
The $48.2bn system may set up an SMA to help ramp up its co-investment strategy.
'The word is out that we can be a strategic partner and agile in providing solutions for balance sheet restructuring or a provider of patient, long-term capital,' said CIO Nicole Musicco.
Managers with new funds are in a difficult fundraising environment as many LPs are overallocated to private equity.
The nation’s largest pension system continues the overhaul of its private equity portfolio.
I don’t think I’ve seen anything quite as strange as the legislation floating in the Indiana statehouse that could have forced the state’s $46.3bn pension system to shed its private equity portfolio.
The software-focused growth equity manager says its exits are primarily to other PE funds.