Gregg Gethard

“I’ve been talking with real estate and private equity managers, and I can tell you they believe there will be a fairly significant drop in December when audited reports come together,” Meketa managing principal David Sancewich told the San Joaquin County Employees Retirement Association meeting on December 9.

'There’s a tremendous amount of pressure to get money invested, which results in managers accepting investments without the standard governance practices you’d like to see,' says Alaska Permanent CIO Marcus Frampton.

Missouri State Employees’ Retirement System reported that it had exposure to FTX, the bankrupt cryptocurrency exchange, through a PE co-investment fund.

Fundraising will be more difficult in 2023, as big pensions such as Texas Teachers, LACERA and Sacramento County ERS say they plan to slow their PE investing pace.

The system, which has backed recent funds from Canvas, CRV, Khosla and Threshold, plans to target $260m in PE commitments in 2023, down from $340m so far this year.

Investment team departures at large allocators may slow decision-making processes.

A dislocated market and several niches could bode well for healthcare, according to EisnerAmper.

Private equity managers have been slow to mark down asset valuations and may not be accurately reflecting the reality of the broader economy, a new report says.

Texas County & District Retirement System committed to 12 funds from CRV, DCVC, IDG, Joy Capital, OpenView, Orbimed, Shine Capital, The Colum Group and Threshold Ventures.

The new CIO of the nation’s largest pension says the system lost out on between $11bn and $18bn during a 'lost decade' of private equity.