The pension will look to increase its exposure to both the European market and secondaries in 2026.
More visibility on portfolio company data will help the $613.7bn US pension better manage its risk, according to CEO Marcie Frost.
Joined by global peers, Mike Lazorik of Texas TRS tells delegates at PEI Group's NEXUS 2026 event that LP-GP alignment ‘has never been more complicated.’
Two reports released in the last month show university endowments are in generally strong financial condition, even as Princeton looks to cut its return expectations.
The pension has been actively pursuing opportunities in the secondaries market over the past few years.
While evaluating whether the more holistic approach to investments would be suited for the $230bn pension, the CIO said he was dubious about expected outperformance under the new approach and other suggested benefits.
The €27bn retirement fund is more relaxed about investments in private equity than infrastructure in the US, says head of private capital and real assets Jeppe Starup.
The California pension’s board, after voicing skepticism about the fund’s increasing PE exposure last month, grilled its consultant on subpar near-term performance.
More and more LPs appear to be adopting an approach to allocation that could help them avoid portfolio imbalances due to volatility.
The $123bn pension system's latest ambitions follow the creation of a GP-led-focused investment role in 2024.