Justin Mitchell
Wayne Moore also requested that staff and J.P. Morgan, which runs the private equity emerging manager program, provide more information about the demographic make-up of the program's managers.
The study from MJ Hudson is based on funds in the asset management consultancy's database.
The firm expects more opportunities in the post-covid market due to the greater amount of high-quality companies experiencing difficulties.
The fund has been on the market for most of this year, and has captured commitments from Rhode Island, CalSTRS and New Mexico ERB, among others.
The $59bn pension's decision comes two years after a state commission recommended it cut its allocation to illiquid investments.
Margaret Brown questions whether staff is trying to get around restrictions on implementing the $421bn fund's long-dormant 'four pillars' plan, but other sources insist it is not connected.
CIO Bob Jacksha declined to confirm whether or not the decision was due to Vista founder Robert Smith's recent non-prosecution agreement with the federal government.
The $59.8bn pension system wants to deploy more into co-investments and secondaries, but keep its overall private equity pace the same for now.
Staff told the $262bn pension's board that carried interest payments were likely to continue to drop due to its ongoing focus on co-investments.
Rendel Solomon discusses why he walked away from a successful career at a $1bn asset manager, and shares some frank thoughts on the state of diversity and inclusion in the industry.
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