Gregg Gethard
The system plans to commit $385m to PE in 2024.
The system plans to commit to Franklin Park’s latest co-investment fund.
There's a shift in the ongoing dynamic between LPs and GPs, with the former rediscovering leverage as a result of the sluggish market.
The system recently changed its policy to allow for quick commitments to continuation funds.
In recent months, four of the five members of the $69.8bn system’s private equity team have left.
The $49.7bn sovereign wealth fund looks to add more mid-market managers to its private equity portfolio.
The $138.5bn system recently sold huge stakes of its private equity portfolio.
The system is eyeing between $2.5bn and $3.5bn in 2024 commitments.
The nation’s second-largest public pension also approved a plan allowing it to leverage its total fund.
Liquidity from the system’s PE portfolio dropped off over the past two years.
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