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 voted 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.