Alfie Crooks
Citing poor performance, most LPs surveyed by Coller expect to decline to reinvest with some existing GP relationships.
The board of the sovereign wealth fund is considering a proposal to increase its target allocation to venture capital strategies to a range of 10-25% from a range of 0-5%.
CalPERS’ proposed total portfolio approach would aim to provide a more holistic and unified approach to both risk and benchmarking, eliminating the silos between asset classes.
The system approved a boost in its target private equity allocation up to 20%, from its current target of 13%.
A survey conducted by Barnes & Thornburg found that 96% of LPs say it is important for a GP they invest in to have a succession plan.