Being a ‘co-operative partner’ during LP-led transactions can have hidden benefits, a private equity GP tells PEI Group’s Commitment Issues podcast.
The system could also expand its growth equity exposure, which is below its target allocation.
Meketa, consultant for $26bn system, and board members suggest smaller public market allocation than peers and roughly 50% exposure to privates came at a cost during prolonged bull market.
After years of buying and selling secondaries as an allocator, Yangge Seaman believes that while institutional investors often have the appetite and capital to pursue deals, they aren’t able to follow through. Her new firm, Gordian Investment Group, aims to bridge that gap.
San Francisco pension with $41bn in assets sees stronger long-term outperformance potential outside crowded buyout mega-funds.
Endowments and foundations using outsourced investment offices increasingly view GP-led secondaries as a way to deploy capital more quickly into private markets, prioritizing performance opportunities over liquidity concerns.
Clarity and alignment on exits, value creation and succession planning are now essential components of the fundraising formula, an LP tells PEI’s Commitment Issues podcast.
The pension fund plans to increase its private credit allocation at the expense of its overweight private equity assets.
The pension is targeting a private equity commitment range of $400m to $1.05bn in FY-2027, along with an additional $200m for co-investments.
Promoted to IMCO’s head of private equity in 2024, Elia believes that after roughly five-plus years of outsized growth the PE program is now ‘entering a more mature phase.’