Investment chief Vishnu Amble sees cost-efficiency benefits in ‘full-service’ separately managed accounts amid lower private equity returns.
What happens to incentivization structures when a potential carry payout represents a mere drop in the ocean of an investment executive's net worth?
California pension with just shy of $1bn portfolio previously cited high fees and unimpressive risk-adjusted returns as reasons to skip private equity, but hears rationale for revisiting. decision from Callan
The employee-owned multi-family office is nearing its 30th anniversary, and continues to be eager to differentiate itself from its competitors.
The pension plan is hoping to reduce its allocation to buyout assets, increase its liquidity and cull “inactive” GP relationships.
Leaders of wealth management firms boast of advantages that cast them as rivals to traditional LPs, rather than merely new entrants to private markets on the margins.
The pension fund aims to invest more in firms that are insulated from artificial intelligence’s expansion, while also scrutinizing firms that make acquisitions with higher leverage.
The California pension with about a $4bn portfolio frets about potential costs, mixed results in making a governance transition, even as one board member finds such a change inevitable.
The industry body's prior guidance was 'silent on a lot of things,’ chief executive Jennifer Choi tells affiliate title Secondaries Investor.
The pension fund will look to temporarily increase its allocation to the asset class, as it expects an opportunity to buy up software assets bought at peak multiples that face depressed values and a debt maturity wall.