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.
California pension has relied on a pair of funds of funds managers, Abbott and Pathway, to make investments in its PE portfolio since its inception two decades ago.
The financial adviser’s white paper indicates that higher returns and only moderate risk await LPs who take the plunge into Fund Is.
The potential adoption of this strategy follows in the footsteps of CalPERS, which implemented a total portfolio approach this past November.
Investors predict there’s a coming wave of zombie funds in PE. Will they be overrun or face them head on?
A majority of LPs are concerned about the 'influence' retail-oriented partnerships could have on the strategies of GPs, a Coller Capital survey found.
The survey found that 86% of private wealth funds aimed to increase allocation to private markets, with venture capital as the most popular asset class.
California system with about $600bn had a streak of co-investments underperforming funds in most periods over several decades, according to PE head Anton Orlich
The pension will later this year review its asset allocation strategy for the first time since 2022, as it contends with liquidity challenges.