INSTITUTIONAL

March 27th, 2023

OP-ED: Top considerations for Alternatives in 2023 - Infrastructure

Many investors naively assume that if an infrastructure asset’s cash flow is in some way inflation-linked, that is enough.

Minnesota’s CIO resurfaces after retiring in October.

INSTITUTIONAL

February 2nd, 2023

People News RoundUp

New Appointments for CIOs and Allocators

INSTITUTIONAL

January 27th, 2023

Carol Tusch Named New CIO at International Paper

Bob Hunkeler will retire at the end of the quarter.

INSTITUTIONAL

January 23rd, 2023

PSERS Hires New CIO

Ben Cotton will take over for Bob Devine and Jim Grossman, all PSERS staff cleared of wrongdoing.

New Mexico's interim rising star beats pool of 200 applicants.

INSTITUTIONAL

December 1st, 2022

Exclusive: Bob Maynard Reflects on Taking PERSI from a 'Disaster' to an Essentially Fully Funded Plan

Regarding board politics, “If you can't really explain what you were trying to do, you've got problems,” said Maynard.

INSTITUTIONAL

December 1st, 2022

St. Paul and Minnesota Foundation CIO Details How to Build a Socially Considerate Portfolio

Shannon O'Leary: I have seen a number of firms significantly damage their investors via rampant group-think.

REAL ESTATE

November 21st, 2022

Amidst Deteriorating Market Conditions, Investors Lean on Essentials, Life Sciences to Navigate the Market

Rising interest rates, macroeconomic outlook pushes investors towards emerging strategies.

INSTITUTIONAL

November 10th, 2022

Annie E. Casey Foundation Seeks to Fill Key Investment Position

Director of marketable investments, Jackie O. Gifford, joins OCIO.

INSTITUTIONAL

November 10th, 2022

Legalsuper CEO Andrew Proebstl Steps Down

Trevin Erichsen will serve as interim CEO while a full-time replacement is found.

INSTITUTIONAL

November 10th, 2022

Another Merger on the Cards in Australia’s Superannuation Industry

A merger between CareSuper and Spirit Super would create a fund with 500,000 members and US$29 billion under management.

REAL ESTATE

November 9th, 2022

This means it will adjust for changes in asset enterprise values so that its carbon intensity reductions are more accurate.

INSTITUTIONAL

November 9th, 2022

Saudi Arabia’s Sovereign Wealth Fund Forms Electric Vehicle Company With Foxconn

It will license component technology from BMW for use in the vehicle development process.

ALTERNATIVES

November 9th, 2022

Blackbird Raises $647 Billion for Australia’s Biggest Venture Capital Fund

The fund will invest in “generational companies born in Australia and Aotearoa New Zealand”.

REAL ESTATE

November 9th, 2022

GIC, Dream Industrial buy Canadian Summit Industrial REIT

Singapore SWF pays $4.4 bn for open ended public REIT

PRIVATE EQUITY

November 9th, 2022

LACERS Poised to Invest Less in Private Equity in 2023

System will look to launch co-investment program and do more internationally.

REAL ESTATE

November 9th, 2022

CPP Investments, Hamilton Pyramid JV Pens W Rome Acquisition

King Street Capital, Omnam Investment exit 162-room, renovated asset after 5 years.

INSTITUTIONAL

November 8th, 2022

CalSTRS’ Top 10 Stock Holdings Now Include Exxon Mobile and Berkshire Hathaway

Meta Platforms, Samsung Electronics and Nvidia have all fallen out over the course of 2022.

REAL ESTATE

November 8th, 2022

Private Equity Drags Down CalPERS' Results

Program’s private equity program reports a loss, leads to restatement of year-end numbers .

REAL ESTATE

November 7th, 2022

Trinity Church Wall Street Seeds NYC Affordable Housing Fund

MSquared Affordable NYC Fund marks a first for Trinity.

INSTITUTIONAL

November 7th, 2022

Investors With $42 Trillion in AUM Call For Faster Decarbonization Ahead of COP27

The investors, from 33 countries, urged governments to put in place climate strategies, to transition away from fossil fuels, end deforestation, bolster climate finance, and strengthen disclosures.

INSTITUTIONAL

November 4th, 2022

WSIB Votes to Approve Transportation, Infrastructure Fund Investment

Washington State pension system will commit up to $250 million.

REAL ESTATE

November 4th, 2022

Cadillac Fairview, Hines Pen $1.5B Aussie Build-to-Rent Partnership

OTPP real estate arm, Hines BTR scheme targets transit, employment hubs.

PRIVATE EQUITY

November 3rd, 2022

CalSTRS Sees Co-Investing Accounting for a Third of PE Deal Flow in Two to Three Years

Effort to do more such deals is driven by a desire to reduce costs by $300 million annually.

INSTITUTIONAL

November 2nd, 2022

Government Pension Fund of Thailand Translates Influence into Action

Secretary General Dr. Srikanya Yathip details how the fund executes on its ESG mission.

INSTITUTIONAL

November 2nd, 2022

Investing in Private Equity in ’23 Could Prove Challenging to Over-Allocated Institutions

Expected shortfall in distributions and tough secondary market may lead to reduced commitments.

REAL ESTATE

November 2nd, 2022

TRS Texas HQ Sale in Downtown Austin Spotlights Institutional Demand for Positive Demographic, Labor Trends

Retirement system flips 200,000SF, $3 Million property it purchased in 1973 for $108 million

PRIVATE WEALTH

November 2nd, 2022

Ping An Hires Private Wealth Advisers Amid ‘Positive’ Outlook for China’s Economy

The group’s insurance fund investment portfolio grew 9.6% in the first nine months of 2022 to $590 billion.

INSTITUTIONAL

November 2nd, 2022

Super Funds Gear Up for Australian Government’s Affordable Housing Drive

The government will form a national ‘housing accord’ with local governments, investors, and the construction sector.

PRIVATE WEALTH

November 2nd, 2022

Bank of Singapore Sees Opportunity in ‘Excessive Pessimism’ Towards China

Chinese assets have continued their downward trend in the wake of the Chinese Communist Party’s meeting.

INSTITUTIONAL

November 1st, 2022

Saudi Arabia’s Public Investment Fund Aims to Deploy $24 Billion Across the Region

The fund will set up investment companies in Bahrain, Iraq, Jordan, Oman, the Republic of Sudan, and Egypt.

INSTITUTIONAL

November 1st, 2022

Singapore’s Temasek Shakes Up Top Management Team

Among other changes, Tan Chong Lee, currently the group’s president, will be transferred to 65 Equity Partners as CEO.

INSTITUTIONAL

November 1st, 2022

Hong Kong’s Pension System Has Shed Nearly a Quarter of Its Value So Far This Year

The MPF system is on track for its worst annual performance since 2008.

PRIVATE EQUITY

November 1st, 2022

Head of Equities Departing from Ontario Teachers’ Pension Plan

Karen Frank’s plans after two years in the role are not known.

REAL ESTATE

November 1st, 2022

APG, CBC JV Pens Development Site Acquisition in Shanghai

Life sciences venture to develop R&D, manufacturing facilities in Qingpu by 2024.

REAL ESTATE

November 1st, 2022

University of North Carolina and NC State Each Generate Positive Returns

Third school in Research Triangle, Duke University, posts a 1.5% loss.

INSTITUTIONAL

October 31st, 2022

New Zealand’s Sovereign Wealth Fund Expects to Triple in Size by 2035

Because no withdrawals from the fund are expected until 2035, it invests mostly in risk assets.

INSTITUTIONAL

October 31st, 2022

NZ Super Fund Narrows its Gender Pay Gap

The under-representation of women in leadership positions has been identified as a major contributor to the pay gap.

PRIVATE EQUITY

October 28th, 2022

CalPERS’ Head of Private Equity Departs

Greg Ruiz joins Jasper Ridge Partners after helping ‘turn around’ CalPERS’ PE program.

INSTITUTIONAL

October 27th, 2022

ALTERNATIVES

October 20th, 2022

Bill Gates’ Breakthrough Energy Funds World’s First Alcohol Jet Fuel Plant

The plant is expected to produce 9 million gallons of aviation fuel and 1 million gallons of renewable diesel annually.

INSTITUTIONAL

October 20th, 2022

State of Wisconsin Investment Board Seeks to Fill Key Role

Head of risk asset and risk allocation role has been vacant since Edwin Denson became CIO in April 2021.

INSTITUTIONAL

October 20th, 2022

As Truss Resigns, BT Pension Scheme Reveals It Took $12 Billion Hit From Mini-Budget

The prime minister resigned on October 20 after less than two months in office.

INSTITUTIONAL

October 20th, 2022

Australia’s Economy Will Hold Up Better Than Most, Says Lonsec Investment Solutions CIO

The country’s large energy and materials industries will likely shield the local economy.

REAL ESTATE

October 20th, 2022

Norges Bank Investment Management Buys into U.K. Property Development

The Norwegian fund has entered into a joint venture with PSP Investments and Longfellow Real Estate Partners.

PRIVATE EQUITY

October 20th, 2022

Hong Kong-Based Private Equity Firm Bets on Australia’s Battery and Solar Industries

Gaw Capital Partners has invested in a company with a 1.9GW renewable energy pipeline.

PRIVATE EQUITY

October 19th, 2022

San Francisco Employees Retirement System Commits to Three Biotech Venture Funds

SFERS is enduring a tough 2022, thanks to steep declines in public markets and fixed income portfolios.

INSTITUTIONAL

October 19th, 2022

Pension Funds Ramp Up Efforts to Fill CIO Openings

North Dakota State Department of Trust Lands and Employees’ Retirement System of the State of Hawaii hope to have new CIOs hired before year-end.

INSTITUTIONAL

October 18th, 2022

Exclusive Interview with Tom Tull: Be Proactive, but Don’t Feel Pressure to Invest

Former Employees Retirement System of Texas chief investment officer invokes his experience to

determine the mindset of investing in a high-inflation and rising-rates environment.

PRIVATE EQUITY

October 18th, 2022

South Africa’s Kasada pens fourth hotel deal in Senegal.

INSTITUTIONAL

October 17th, 2022

Hamilton College Hires New Chief Investment Officer

Lauren Jacobson is tapped to fill role that has been vacant since Anne Dinneen’s departure in April.

INSTITUTIONAL

October 17th, 2022

Brunei Investment Agency in Talks to Fund South African Medical Cannabis Group

Hy24, a joint venture between FiveT Hydrogen and Ardian, has raised $2B for its first fund.

INSTITUTIONAL

October 9th, 2022

MMBB Financial Services Hires New Chief Investment Officer

Hyde Hsu joins from the New York City Retirement System.

REAL ESTATE

October 7th, 2022

Neil Cochrane is stepping down after nine years in the position.

PRIVATE EQUITY

October 6th, 2022

Adams Street Partners Poised to Welcome New Global Head of Fund Investments

Brijesh Jeevarathnam is tapped to replace the retiring Kelly Meldrum.

INSTITUTIONAL

October 6th, 2022

Grinnell College Gets “Creative”’ to Build Out Investment Team

School brings aboard three New Englanders and establishes an office more than 1,200 miles away in Boston.

REAL ESTATE

October 5th, 2022

Christopher Schelling starts 512 Alternatives after recent stints with Venturi Private Wealth and Windmuehle Companies.

INSTITUTIONAL

September 29th, 2022

Arkansas Teachers Outpaces Benchmarks Despite FY2022 Losses

The system saw the largest annual gain in its history during the 2021 fiscal year.

ALTERNATIVES

September 28th, 2022

Endowments and Foundations Appear Poised to Increase Investing in Private Credit, Real Estate & Infrastructure

Study by KKR finds CIOs are looking to increase exposure to illiquid investments but want ones providing more upfront yields.

INSTITUTIONAL

September 28th, 2022

CPP Investments Downloads Capital into Fast-Growing Startup

Tray.io is focused on solving the problems companies face as they undergo rapid digital transformation.

INSTITUTIONAL

September 28th, 2022

Nigeria’s Sovereign Wealth Fund Backs New Airline

The announcement comes nearly two decades after the failure of Nigeria Airways, in 2004.

INSTITUTIONAL

September 28th, 2022

Australia’s UniSuper Places Cap on Fossil Fuel Exposure

UniSuper’s current look-through exposure to fossil fuels is 2.8%.

INSTITUTIONAL

September 27th, 2022

Pasternack Leaves Role with NYCRS to join Nomura

Had been a member of the alternative credit team for the past three years.

PRIVATE WEALTH

September 27th, 2022

From High School Intern to Entrepreneur: How Jacqueline “JaQ” Campbell Inspires the Next Generation to Create, Preserve Wealth

Jacqueline “JaQ” Campbell, president and CEO of Detroit-based RIA Alexander Legacy Private Wealth, began her career in wealth management at age 16. She discovered the industry through a high school internship program that set her down the path of financial services, ultimately leading her to private wealth management.

INSTITUTIONAL

September 26th, 2022

Iowa Public Employees’ and Alaska Permanent Fund Corp. Seek to Improve Staffing Concerns

Both funds get board approval to submit budgetary increases for legislative review.

PRIVATE EQUITY

September 26th, 2022

University of Michigan Re-Ups with Five of Its Venture Managers

School currently has approximately 30% of its endowment invested in VC.

INSTITUTIONAL

September 26th, 2022

NASA’s Failed Launch Underscores Green Hydrogen’s Challenges as Investors Pile in

Issues with leakage mean that rather than solving climate change, some green hydrogen projects could exacerbate it.

University of California’s investment arm now has more allocated to cash than it does to private credit, real assets, or absolute return.

PRIVATE WEALTH

September 21st, 2022

What Identifies a True Single Family Office?

The term single family office has become subjective. Paul Reynolds, director at Thamesis Limited, discusses the nuances of a single-family office and debunks misconceptions of how the wealthiest people in the world manage their money.

PRIVATE EQUITY

September 20th, 2022

Former Montana Board of Investments’ PE Director Lands at Penn State

Michael Nguyen will serve as director of investments at the $4.5 billion endowment.

INSTITUTIONAL

September 20th, 2022

Idaho Public Employee Retirement System Poised to Name New CIO

Blue Opal Capital, Abu Dhabi Investment Authority, Ahmed Al Mosa, Federico Jost, Sebastien de Jong

REAL ESTATE

September 19th, 2022

Connecticut Retirement Plans and Trust Funds Poised to Increase Investing in Private Assets

New asset allocation strategy ups target to private equity to 15%, doubles target for private credit to 10%.New asset allocation strategy ups target to private equity to 15%, doubles target for private credit to 10%.

PRIVATE EQUITY

September 16th, 2022

CalPERS Looks to Up Its Private Equity & Infrastructure Investing

Plan also seeks to give leadership more authority to approve fund investments, co-investments, and secondary transactions.

INSTITUTIONAL

September 15th, 2022

CPP Investments, OMERS to Sell Stake in Chicago Skyway Toll Road

Sale to Australian Atlas Arteria valued at over $2B.

PRIVATE EQUITY

September 15th, 2022

Private Equity Proved Key to Pension Funds That Generated Positive Returns

Oregon Public Employees Retirement Fund, Maine Public Employee Retirement System and the New Mexico Educational Retirement Board among those who benefitted from being overallocated to PE.

INSTITUTIONAL

September 15th, 2022

New Hampshire Retirement System Turns to State of Connecticut for New CIO

Raynald Leveque succeeds Larry Johansen in overseeing $11 billion program.Raynald Leveque succeeds Larry Johansen in overseeing $11 billion program.

September 14th, 2022

NZ Super Fund Allocates US$15 billion Towards Low-Carbon Indices

A recent study by Global SWF found that NZ Super Fund was the top performing sovereign wealth fund globally.

ALTERNATIVES

September 14th, 2022

BlackRock Real Assets Buys New Zealand’s solarZero in APAC Clean Energy Push

This is BlackRock Real Assets’ first investment in New Zealand and its first residential solar investment in the Asia Pacific.

INSTITUTIONAL

September 13th, 2022

Alisa Mall Named CIO of MSD Capital

Former Carnegie Corporation of New York managing director tapped to guide investment activities of Michael Dell’s family office.

REAL ESTATE

September 13th, 2022

CalSTRS and KTCU Poised to Do Second Real Estate JV

Two teacher pension funds struck $500 million deal to invest in logistics centers in March.

INSTITUTIONAL

September 13th, 2022

School sets a goal to invest at least 2.5% of $4.7 billion fund in climate-solution companies or asset managers.

PRIVATE WEALTH

September 9th, 2022

Elizabeth Burton Joins Goldman Sachs

Former Employees’ Retirement System of Hawaii CIO nabs role with bank’s asset management arm.

INSTITUTIONAL

September 9th, 2022

Investment Strategists at Bank of Singapore Still Favor Chinese Equities

Valuations are at distressed levels, but potential policy changes could reignite stocks.

ALTERNATIVES

September 8th, 2022

University of Chicago Office of Investments Sees Another Team Leader Retire

Matthew H. Stone, who oversaw public markets and absolute return, is stepping down after 23 years.

PRIVATE EQUITY

September 8th, 2022

Teacher Retirement System of Texas Invests in Crypto Fund

System backs CoinFund Ventures among four commitments done over the summer.

INSTITUTIONAL

September 8th, 2022

Plans for former Peek Freans factory site plans include 1.5k+ rentals, commercial space development.

INSTITUTIONAL

September 2nd, 2022

Strong Alternatives Performance May Help Florida SBA with Efforts to Lift Restrictions

System is currently limited to 20% of its allocation in private equity, credit, hedge funds and infrastructure.

INSTITUTIONAL

September 1st, 2022

Adams Steps Down from CIO Role at Meyer Memorial Trust

Sohel Hussain steps in on interim basis to lead $1 billion endowment.

INSTITUTIONAL

September 1st, 2022

Korea's NPS Sees 8% Investment Loss in First Half of 2022

Alternatives partly offset losses in equities, delivering a positive return of 7.3%.

PRIVATE EQUITY

August 31st, 2022

CalSTRS Passes Its Private Equity Allocation Target

System, though, remains active in the asset class, deploying $5.1B in the first half of ’22.

Longtime Caltech Senior Managing Director Pasy Wang tapped for role.

INSTITUTIONAL

August 26th, 2022

The British Pound Faces a Possible ‘Collapse,’ Analysts Say

The pound has been steadily weakening as inflation surges, recession fears build, and industrial pay disputes worsen.

REAL ESTATE

August 26th, 2022

CalSTRS Seeking Individuals to Oversee Private & Public Market Activities

System posts listings for two new roles; individuals would report to Deputy CIO Scott Chan.

INSTITUTIONAL

August 25th, 2022

Wellcome Trust Not Seeking Replacement for Retiring Investment CEO

Peter Pereira Gray will step down at the end of September and become emeritus partner, investments; CIO Nick Moakes will continue to lead investment team.

INSTITUTIONAL

August 25th, 2022

Eskom’s Pension Fund Appoints New CIO as South Africa Allows Bigger Offshore Allocations

Sonja Saunderson’s appointment comes soon after South African regulators amended rules to allow retirement funds to significantly increase their offshore allocations.

INSTITUTIONAL

August 25th, 2022

Texas ERS Approves Revised Equity Target Allocations

Retirement system’s new allocation expected to address higher liquidity needs.

INSTITUTIONAL

August 24th, 2022

Qatar Investment Authority & Commonfund Capital Help Raise Company’s Valuation

‘Execution management’ firm Celonis now valued at $13B after latest round.

PRIVATE EQUITY

August 24th, 2022

New Mexico State Investment Council Private Equity Head Retiring

David Lee will be replaced by colleague Chris Cassidy at end of September.

INSTITUTIONAL

August 24th, 2022

Minnesota State Board of Investment Taps Local CIO to Replace Mansco Perry III

Jill Schurtz has led St. Paul Teachers’ Retirement Fund Association.

INSTITUTIONAL

August 24th, 2022

Abu Dhabi Investment Authority Buys Stake in India’s Aditya Birla Health Insurance

The capital injection from ADIA will be used to drive the insurer’s growth in India.

ALTERNATIVES

August 24th, 2022

BlackRock Goes Big on Batteries in Australia, Citing ‘Tremendous’ Opportunity for Investors

Battery storage is expected to play a critical role in getting Australia’s power generation mix to 82% renewables by 2030.

INSTITUTIONAL

August 24th, 2022

Exclusive: How Australia’s NGS Super Plans to Achieve a Carbon-Neutral Portfolio in Just Eight Years

CIO Ben Squires tells Markets Group the move is aimed at reducing risk as the clean energy transition gains momentum.

PRIVATE EQUITY

August 24th, 2022

Insights: IPEF: Setting future business rules and standards

The Indo-Pacific Economic Framework (IPEF) was launched by President Biden on 23 May 2022. It includes Australia, Brunei, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand and Vietnam. Fiji joined the group soon after.

INSTITUTIONAL

August 23rd, 2022

State of Wisconsin Investment Board Poised to Be First U.S. Pension Plan to Issue Debt

State’s AG says prior statue gives it the ability to do so; would use it as an another means to implement leverage.

PRIVATE EQUITY

August 23rd, 2022

Temasek Portfolio Company Goes Public Via a SPAC

Akili will use proceeds for its treatment for ADHD.

ALTERNATIVES

August 23rd, 2022

LPs’ Interest in PE & VC Down, Hedge Funds Up

Respondents see VC as most overvalued and are more wary of emerging markets.

INSTITUTIONAL

August 23rd, 2022

DeSantis: Florida Retirement System Will Disregard ESG and Encourage Other States to Follow

Florida hopes to join forces with other states ‘to be a counterweight to ESG.’

INSTITUTIONAL

August 23rd, 2022

KIC also announced the appointment of Hoseok Jung as chief risk officer.

PRIVATE EQUITY

August 22nd, 2022

Private Equity Firm Thoma Bravo in Talks to Buy Cybersecurity Company Darktrace

Thoma Bravo, which has $114 billion in assets under management, has until September 12 to announce whether it will make a firm offer.

INSTITUTIONAL

August 21st, 2022

Municipal Employees’ Annuity and Benefit Fund of Chicago Dives into Private Debt

MEABF selects three managers as it begins shaping its asset allocation strategy.

ALTERNATIVES

August 21st, 2022

Florida State Board of Administration Will Seek to Increase Alternatives Cap in Fall

SBA currently restricted from making new PE, VC, credit, hedge fund and infrastructure commitments.

ALTERNATIVES

August 19th, 2022

Ontario Teachers’ Acquires Sahyadri Hospitals in Fund’s First Buyout in India

This is the latest in a string of healthcare investments by Ontario Teachers’.

PRIVATE EQUITY

August 18th, 2022

Qatar Investment Authority Pumps Capital into Biotech Deals

Sovereign wealth fund has done at least three such deals in 2022.

PRIVATE EQUITY

August 18th, 2022

Blackstone Brings Aboard Crypto Executive

Adam White previously worked at Bakkt and Coinbase.

INSTITUTIONAL

August 18th, 2022

AustralianSuper is ‘Too Big’ for Australia, Eyes Rapid Expansion in the U.S. and Elsewhere

Canadian, U.S. and European funds have been giving the fund advice as it aims to become a large global player.

PRIVATE EQUITY

August 17th, 2022

Kentucky Public Pensions Authority’s New CIO Receives Sizable Challenge and Opportunity

Steve Willer tasked with bringing 10 funds into compliance with their asset allocation targets.

PRIVATE EQUITY

August 17th, 2022

MassPRIM Looks to Up Private Equity Allocation Range

Plan board also commits more than $1.5 billion to fund and co-investment opportunities.

REAL ESTATE

August 17th, 2022

PIF, Cain International Back Second Doronin Luxury Hospitality Concept

The $900 million investment values Aman Group at $3 billion.

INSTITUTIONAL

August 16th, 2022

North Dakota Trust Lands Searching for a CIO

Spot opened up after Michael Shackelford became CIO of Public Employees Retirement Association of New Mexico.

INSTITUTIONAL

August 16th, 2022

As part of the deal, Fisher Funds will enter into a strategic partnership with Kiwibank.

INSTITUTIONAL

August 15th, 2022

CalPERS, CalSTRS and UC Investments Among Backers of Arsenal Capital’s New Funds

Private equity firm exceeds target goal; will invest in healthcare and technology.

REAL ESTATE

August 15th, 2022

APFC, Apartment Investment & Management Company Sign $1B Multifamily Development Partnership

Alaska Permanent Fund Corporation to increase multifamily exposure in South Florida, Washington D.C. and Denver metros via joint venture.

INSTITUTIONAL

August 15th, 2022

Exclusive: What the Inflation Reduction Act Means for Investors, Energy and the Climate

The act is a ‘big step forward’ and provides much-needed policy certainty for institutional investors, allocators and scientists tell Markets Group.

PRIVATE EQUITY

August 12th, 2022

CPP Investments Deploys More than $5B – Despite Tough First Quarter

Canada’s largest pension plan was active in both backing funds and in co-investments.

INSTITUTIONAL

August 12th, 2022

BlackRock Says Credit Now More Attractive Than Equities

The asset manager says it will only turn positive on equities again when central banks turn more dovish.

INSTITUTIONAL

August 12th, 2022

Temasek and Votorantim Launch $700M Fund to Invest in Brazil

The investment groups have formed a new vehicle called 23S Capital.

ALTERNATIVES

August 12th, 2022

KLP, LACERA, AP1 Back HitecVision Energy Transition

Nordic sovereign, city pensions among seven investors in HitecVision’s energy fund.

PRIVATE EQUITY

August 11th, 2022

Maine Public Employee Retirement System Commits to Two Funds

Pension plan is in midst of implementing recent asset allocation changes.

INSTITUTIONAL

August 11th, 2022

Patterson Leaves Wilshire to Join UPMC

Healthcare provider and insurer is largest nongovernmental employer in Pennsylvania.

REAL ESTATE

August 11th, 2022

APG Grows MaxCap, Aussie Real Estate Debt Exposure

Dutch pension fund doubles MaxCap exposure from 2019, secures $1.2 billion re-up option

INSTITUTIONAL

August 10th, 2022

San Diego City Employees’ Retirement Selects Former Board Member as CIO

Carina Coleman leaving Sempra Energy; fills spot vacated by retiring Liza Crisafi.

INSTITUTIONAL

August 9th, 2022

Geeta Kapadia is the New CIO of Fordham University

She will manage the $1B endowment August 22 after leaving Yale New Haven

INSTITUTIONAL

August 9th, 2022

Next LAFPP GM Will Select CIO

Ray Ciranna delays retirement, but successor will pick replacement for Ray Joseph.

INSTITUTIONAL

August 9th, 2022

Pennsylvania Public School Employees’ Retirement Begins Search for CIO

Move comes days after DOJ closes investigation; Robert Devine has served as interim CIO for past 8 months.

PRIVATE EQUITY

August 8th, 2022

Should Private Markets Still Be Considered Totally Illiquid?

Private Equity, Real Estate, Secondaries, Jefferies, Wilshire Associates, Coller Capital, Los Angeles County Employees Retirement Association, LACERA, New Jersey Division of Investment, Washington State Investment Board

PRIVATE WEALTH

August 8th, 2022

TMG First Purchased Seiffert, Followed with Second RIA Semita

The $7.5 billion private wealth manager added a total of $135 million AUM.

The fund has launched a three-year strategy aimed at digitization, upskilling, and better service levels.

INSTITUTIONAL

August 5th, 2022

Part 1: What 'Deglobalization' Means for Institutional Investors

Diversification will become more important, particularly as opportunities open in emerging markets, investors say.

INSTITUTIONAL

August 5th, 2022

NYS Common Makes $4B in Commitments in June

Empire State retirement system remains active in PE, real estate.

INSTITUTIONAL

August 4th, 2022

MMBB Financial Services’ CIO Departs to Teach

Noradeen Farlekas is now an assistant professor at Fairfield University.

PRIVATE WEALTH

August 4th, 2022

Survey says they are showing less interest in growth equity, new managers and Asia.

PRIVATE EQUITY

August 2nd, 2022

Proposal would have allowed staff to allocate some capital without board approval; board members ask for oversight.

INSTITUTIONAL

July 28th, 2022

Investors Pulled Funds from Asia at Record Pace in First Half as U.S. Growth Concerns Mounted

Outflows in the first half of 2022 reached a record $71.9 billion, with withdrawals from equity markets leading the way.

ALTERNATIVES

July 28th, 2022

Insights: Bay Bridge highlight the importance of sustainability and inclusivity across the investment process

Kim Kolt is co-founder and General Partner at Bay Bridge Ventures, the first purpose-built, institutional ESG and Sustainability focused venture capital firm. Bay Bridge is committed to inclusivity - starting from leadership and continuing through the underlying investments - in addition to responsible stewardship - active, high-engagement investing through multiple stages of development.

REAL ESTATE

July 27th, 2022

Mortgage Boycotts Roil Debilitated Property Sector in China

State-backed developer, distressed debt asset manager to manage property bailout fund.

PRIVATE WEALTH

July 27th, 2022

Exclusive: Australian Equities Could Benefit from Resilient Domestic Economy, CIO Says

Hodel named to fill position following departure of Elizabeth Burton; search ongoing.Hodel named to fill position following departure of Elizabeth Burton; search ongoing.

REAL ESTATE

July 23rd, 2022

New York State Insurance Fund Seeks Leader for New Alts Group

$20 billion fund is expected to focus on private equity, real estate, and private credit, according to job listing.

INSTITUTIONAL

July 22nd, 2022

Q&A: Marcus Frampton Talks Oil, Energy and APFC

Alaska Permanent Fund Corp. CIO discusses challenges of managing $79.5 billion AUM SWF.

INSTITUTIONAL

July 22nd, 2022

Cando Rail & Terminals Acquisition Expands AIMCo Exposure to Canada Rail Infrastructure

Cando Rails operates the Central Manitoba Railway in Winnipeg and owns switching operations in Wisconsin, Michigan and Arkansas.

INSTITUTIONAL

July 22nd, 2022

Crypto Only in Second Inning, Says Cambridge Associates’ Digital Assets Head

Marenda likens industry to what hedge fund industry was like in its infancy; calls blockchain technology potentially revolutionary.

INSTITUTIONAL

July 22nd, 2022

The Evolution of Philanthropy in Australia: Inside One of the World’s Most Generous Nations

Disaster relief, medical research, domestic violence and climate change are among the causes that Australians are most interested in supporting, says Elston’s head of philanthropy.

INSTITUTIONAL

July 21st, 2022

PSP Picks CPPIB Executive as New President & CEO

Meier is the one-time interim CIO of the State of Connecticut; fills spot vacant since end of ’21.

INSTITUTIONAL

July 19th, 2022

New Mexico PERA Names New CIO

Temasek Grows Unlisted Portfolio as ‘Mild’ Recession Looms

Unlisted assets now comprise 52% of Temasek’s portfolio – a substantial increase from 27% a decade ago.

INSTITUTIONAL

July 12th, 2022

Manav Bansal will head BII’s operations in India – the institution’s biggest investment market.

INSTITUTIONAL

July 12th, 2022

OMERS PE to Acquire U.K. Utilities Contractor Network Plus

Canadian pension system increases Euro infrastructure exposure with contractor acquisition.

INSTITUTIONAL

July 12th, 2022

New Jersey’s New CIO Reflects on Career Path, Investment Plan

No stranger to dealing with financial crises, he is preparing the state pension fund for opportunities.

INSTITUTIONAL

July 11th, 2022

CalPERS Pulls Off Record Secondary PE Sale, Will Other LPs Follow?

Musicco says move enables pension plan to ‘capitalize on market opportunities.’

PRIVATE WEALTH

July 11th, 2022

Colorado PERA Seeks to Apply Investment Team’s Acumen to DC Plan

System hopes to enable participants to choose from DB offerings, including private equity and real estate.

ALTERNATIVES

June 27th, 2022

Cryptocurrency Hedge Fund Three Arrows Capital Defaults

The price of bitcoin has fallen by around two-thirds since November 12.

INSTITUTIONAL

June 27th, 2022

Cincinnati Financial CIO Set to Retire

Head of Manulife Investment Management PE Fund Investment Program Retires

Kirk Sims joined the $180 billion Teacher Retirement System of Texas (Texas TRS) in 2019 to direct its emerging manager program, and has coached a 5-year annualized return of 11.1%. Here's how he does it.

INSTITUTIONAL

June 14th, 2022

Investment Officer Sonali Dalal Is leaving Penn State

She will take over building an investment business for the $900 million University of St. Thomas.

PRIVATE WEALTH

June 14th, 2022

Fund Advertiser joins $15 billion EP Wealth

Jim Mocci exited $200 billion Fishers Investments for rising RIA EP Wealth Advisors.

PRIVATE EQUITY

June 14th, 2022

Pension plan sells Calgary producer to PE Firm.

INSTITUTIONAL

June 10th, 2022

Pennsylvania SERS Sees Gain from Rebalancing

Other institutions using different approaches or holding off, given drop in bonds.

INSTITUTIONAL

June 9th, 2022

Longtime Mississippi Public Employees’ Retirement System Employee Named CIO

The RIA and private bank landed people from B of A, BB&T, Fifth Third and M&T Bank.

INSTITUTIONAL

June 3rd, 2022

Chicago Teachers’ Pension Fund Names New CIO

Analysis: FX Volatility Brings Potential Windfalls, Challenges for Investors

CCO, Corporate Strategist Join Phoenix Private Wealth Manager

Iryna Northrip and Dimple Shah tapped to lead $475B Advisor Group.

PRIVATE EQUITY

May 9th, 2022

Former NYC Retirement Systems CIO Joins PE Firm

Taken from a Portfolio for the Future™, a practitioner’s guide to the five essential marks of effective capital allocation by the CAIA.

INSTITUTIONAL

June 11th, 2019

NJ Hedge Fund Cut Just Latest Action in Industry’s Value-For-Fees Pursuit

Penson's hedge fund allocation moves to 3% from 6% to save on asset management fees.

NEWS

Rising star allocator Ratna Kota asks the questions up and comers want to know for new Bridging the Gap series.