'About six or seven leading LPs' have joined an effort to create an ESG due diligence questionnaire tailored to the venture capital industry.
Australia’s biggest superannuation fund plans to grow its private equity portfolio from about $9bn to $18bn over the next two years.
Massachusetts Pension Reserves Investment Management Board, which recently backed two new funds from Union Square Ventures, is looking to give chief investment officer Michael Trotsky more flexibility on VC fund investments.
Insurers and other industry insiders say the SEC’s proposed indemnification rule, combined with other potential regulations outlined in the agency’s February announcement, will impact this corner of the industry.
Defined contribution plans should let their members invest in private equity before they roll the dice on crypto. Pantheon is working on just such a plan.
San Jose Federated City Employees’ Retirement System has outlined $149m for investment into private markets for FY 2022-23, according to its proposed pacing model for private markets.
Ventura County Employees Retirement Association, which has backed seven VC funds in the past two years, has raise its target allocation to private markets by 2 percent.
CIO Jonathan Grabel says the pension is continuing to gain exposure to climate-related opportunities.
“The rules regarding special treatment for some LPs over others could be more eloquently crafted and should rely more on disclosure than prohibition,” says Maryland State Retirement and Pension System CIO Andrew Palmer.
Council of Institutional Investors, which represents 140 of the largest public and union pension funds, asks SEC to "consider improving the final rule by requiring that private fund advisors provide pro-rata fee and expense reporting at the LP level upon request of the LP.”