Volcker rule changes exempt VC funds, allowing banks to invest in them like other LPs, but not other strategies like mid-market buyout and growth equity.
The pension's assets under management increased by $670 million between March and April.
Frank is replacing Jane Rowe, who led Ontario Teachers' private capital group for 10 years and will soon take on the role of vice chair, investments.
The phenomenon Iowa Public Employees’ Retirement System experienced, known as the denominator effect, is one of the major concerns of public pensions in market crises.
Ohio, Midwest, sign
The pension set a five percent target for private credit.
Yu Ben Meng, CalPERS CIO
The US's biggest public pension is planning to leverage as much as $80bn of its assets in order to take positions in riskier asset classes.
Ferguson, who joined IMCO earlier in 2020, will lead the PE portfolio as the institution looks to increase its focus on direct investment opportunities.
Sung Won Sohn said private equity-backed companies' lack of easy liquidity could mean they will not perform as well as public companies.
PA PSERS, Pennsylvania, private equity
PA PSERS saw its net investment returns hit negative 8.17 percent in the quarter ending March 31.
Wisconsin
Investments were made in the healthcare, industrials and life sciences industries.
buyouts
buyouts

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