NEWS

2024 Elite 100 CIOs

The Elite 100 is an esteemed list celebrating 100 Chief Investment Officers from Public Pension Funds, Endowments, Foundations, and Corporate Pension Funds. Each honoree is a commendable industry leader, recognized for their exceptional contributions and innovative strategies.

From the Sidelines: Interviews at our Institutional Retreat in Park City

Louisiana Teachers commits to an international small cap equity manager

Decision was made due to the poor performance of other managers on the roster.

Illinois Teachers searches for a real estate and real assets consultant

The current consultant StepStone’s contract will expire at the end of this year. 

Gary Draghi retires from the role of CIO

During his tenure at City of Hartford, Draghi worked with P. Wayne Moore and J. Sean Antoine

CalSTRS appoints a senior investment director

June Kim, the newly appointed senior investment director, will continue to work with the Global Equity team until a new director of Global Equity is hired.

CPP Investment appoints a new chief risk officer

Priti Singh and Heather Tobin have been promoted 

Exclusive: CIO Donald Pierce on real assets, impact of fed rates and more

The CIO of $15bn San Bernardino County Employees’ Retirement Association has incorporated new ways of rebalancing his portfolio since joining the fund. In the past, he had always stayed away from real assets. But as the market environment changes, so are his sentiments.

London CIV’s CIO steps down

Aoifinn Devitt, the CIO of $18.57bn fund will leave the role at the end of the year.

State of Maryland Retirement Fund Reduces Allocations to China and Private Equities

CIO Andrew Palmer discusses his best performing asset class and how he invests in the emerging markets space. 

Connecticut Retirement Plans and Trust Funds make mezzanine and secondaries allocations

The $56.2bn fund made commitments to Insight Partners Opportunities Fund II, Insight Partners Opportunities Fund II Co-Investment Sidecar Vehicle and Hollyport Secondary Opportunities IX

Texas Teacher Retirement System's new $329m commitments

The $193bn pension fund has made commitments to five managers, out of which three are new managers on the roster.

Johns Hopkins University begins search for a new vice president and CIO

The search looks to appoint the third CIO of the university who will be collaborating with external consultants for asset allocation and manager selection process.

The University of Utah is looking for director of investments

A recent LinkedIn job opening signaled a director of investments with Korn Ferry leading the search. 

CalSTRS and Kenny Lewis join for non-sponsored senior lending

The $337.9bn pension fund forms alliance with Kennedy Lewis Investment Management to focus on senior corporate lending for non-sponsored borrowers.

Exclusive Interview with Reggie Ford 

In this interview, Sovaida sat down with Reggie Ford, Motivational Speaker, Bestselling Author, and President, RoseCrete Wealth Management on the power of perseverance, the rising issues surrounding mental health and DE&I and the Black Tax.

Illinois Police has a new deputy CIO

Greg Turk will report to CIO Kent Custer. 

Greece's Growthfund has appointed a new CIO

Vasilis Theofanopoulos was named CIO of Growthfund, the National Fund of Greece on Monday

CalPERS makes new $10bn commitments to its climate transition plan

The $502bn system will commit $100bn to climate solutions by 2030. The system was first presented with the climate action plan in November.

New Mexico SIC makes new commitments to private credit and private equity

The $52.4bn system has committed $250m to specialty finance opportunities, early-stage investments in private companies and other strategies focused on publicly listed companies.

Milwaukee ERS makes new $50m commitment to real estate

The $6bn pension fund has invested in data centers through the Harrison Street fund.

Veritas Pension Insurance Company appoints new CIO

Laura Wickström has been promoted to CIO from deputy CIO, following Kari Vatanen’s resignation. 

Liquidity concerns push investors toward mid-market buyout strategies

The denominator effect, alongside fed rates, has placed allocators in a sticky position. When the markets were hot, GPs came back to a faster cycle than before that sped from 3 to four years to 18 to 26 months. 

EXCLUSIVE: Mika Malone on private credit, red flags in GPs and fed rates impact on investments

Mika Malone, the managing principal at Meketa Investment Group, talks about choosing the best managers, using AI to make decisions, fed rates, emerging markets and other topics of investor interest.

Nashville (Tenn) & Davidson County’s ex-CIO joins MC Credit Partners LP

Fadi BouSamra has moved to MC Credit Partners LP after serving as a Chief Investment Officer at Nashville (Tenn) & Davidson County for 20 years. 

California Appeals Court rules in favor of LACERA to set employment classification and salaries amid backlash from the county

The ruling states that Board of Supervisors must comply with the classifications and salaries within its own functioning

Virginia Retirement System discloses its recent commitments to its private equity and real assets portfolio

The $113bn system has most recently made $575m commitment to its RA portfolio and $300m to its PE portfolio, as shown in the June meeting materials.

Mississippi PERS may place two managers on watchlist

The $33.5bn fund inspects lagging performance and key person risk at two funds.

Exclusive with CIO Marcus Frampton of Alaska

During this in-depth interview, the chief investment officer of Alaska's oil-rich Alaska Permanent Fund discusses his strategies for energy, choosing managers, investing in credit, infrastructure and private equity.

WTW has Appointed a New Head of Growth in the US

Rich Joseph has been named the head of growth for WTW’s US-based investments.

State Teachers Retirement System of Ohio plans strategic moves for fiscal year 2025 within its real estate portfolio

The $94 billion pension fund will focus on direct investments in apartments and industrial sectors and will look to reduce allocations to office sector. 

Colorado FPPA discloses 4 new commitments and 3 manager terminations

The $6.9 billion pension fund has made new commitments in real assets, real estate and private capital and terminated public equity and long short equity managers, as disclosed in its recent meeting.

Ohio Police and Fire Pension Fund has made new commitments to its real estate and private credit sleeve

The $18.2 billion system has made two commitments of $50 million each to its private credit sleeve and one commitment of $75 million to its real estate sleeve.

Greece ready to setup its first sovereign wealth fund, welcomes BlackRock FMA on board

Greece will launch its inaugural sovereign wealth fund this week with the support of BlackRock Financial Markets Advisory

Maher Al Kaabi on Al Serkal Group's UAE Legacy and Circular Economy Leadership

In an exclusive interview at the Private Wealth Middle East Forum, Courtney McQuade from Markets Group sits down with Maher Al Kaabi, Advisor to Group Chairman and Independent Board Member of Al Serkal Group. Maher provides insights into the rich history and pivotal role of Al Serkal Group, a family business spanning 165 years in the UAE.

Largest US Pension Fund CalPERS to increase allocations to non-core Real Assets strategies

The $501.39 system has repositioned its portfolios to benefit from non-core RA strategies. Core strategies exceed return benchmarks.

New Mexico PERA has added two new strategies in its fixed income portfolio, while eliminating EM Debt portfolio

The $16.3 billion system added bank loans and long-term government bond strategies in its fixed income sleeve, and reduced allocation to real assets sleeve.

LACERA chooses consultant for its hedge funds, credit and real assets portfolios

The winning consultant scored significantly higher on mitigation of conflict, servicing capabilities and technology.

CalPERS Appoints a New CFO

Michele Nix has been promoted to the role of CFO, after ex- CFO Michael Cohen’s appointment as fund’s chief operating investment officer.

Funds SA Appoints an Interim CIO

Matt Kempton, the newly appointed interim CIO will succeed ex-CIO Richard Friend

Saskatchewan Healthcare Employees’ Pension Plan has a new CIO

Dustin Antonini has been named the new CIO of SHEPP, following the retirement of Janet Julé. 

Sompo International Holdings Has a New CIO

Thomas Leone has been named the CIO of Sompo International Holdings, following the retirement of Mark Silverstein. 

Washington State Investment Board Decreases its Public Equity Exposure

The $202.7 billion Washington State received a notice from its risk management and asset allocation team to raise $700 million in cash

Maryland Plans $400 Million Allocation to its Infrastructure Sleeve this Year

CIO Andrew Palmer will invest $400 million to his real assets portfolio with majority of allocation in core strategies against other strategies.

Seattle City re-hires NEPC as Consultant

The investment staff has chosen NEPC as consultant and the final approval will be given by the board of administration on June 13. 

Pennsylvania Public School Employees’ Retirement System Makes a New RE Commitment

Carlyle Realty Partners X focuses on acquiring and developing properties in the US with low correlation to GDP, high operating margins and high tenant retention

New Zealand Super Fund Has a New Acting CIO

Alex Bacchus has been appointed as the new acting CIO and would be stepping in Gilmore’s shoes. Gilmore left the fund to serve as CIO at CalPERS, the largest state public pension fund in the United States.

SWIB’s U.S. Large Cap Outperformance Aided by AI investments

Despite U.S. large cap outperformed the small cap portfolio, the small cap outperformed its benchmark by 2.3% in Q1

Alaska Permanent Hikes Private Equity And Private Income Targets

The system lowered targets for RE, tactical opportunities and cash, in the recent meeting

Experience the Highlights of PENY Through our Photo Gallery

Check out all the photos captured at our 12th Private Equity New York Forum, where industry leaders and top investors gathered for a day of insightful discussions and networking. This education-focused event brought together allocators, asset managers, and executives to explore the latest trends and strategies in private equity, private debt, infrastructure, technology, and more.