CalPERS hunts for third pillar PE teams
CalPERS is conducting searches for outside partners to run its new Pillar III private equity program focused on venture capital investment in life sciences, technology and healthcare.
Iceland’s LV mulls more EM exposures, PE co-investments after SAA review
Iceland’s LV is eyeing more emerging markets allocation and private equity co-investments after conducting an SAA review, which will be finalised in the first half of 2026. CIO Arne Vagn Olsen says the shift is designed to make the $11 billion pension fund future-ready.
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Still life in PE energy: Cambridge Assoc
Is private equity investment in the energy sector dead? Not according to Cambridge Associates. But the consultant argues that the game has changed and to be successful, investors should adopt a new commitment strategy; and while the industry faces secular challenges, managers can innovate to exploit disruption and generate attractive absolute returns.
Washington State’s secret sauce
A big contributor to the long-term top decile performance of the Washington State Investment Board has been its high allocation to private markets. But it is not just the high allocation that sets the fund apart from its peers, it’s also the nature of the relationships with its GPs. Amanda White speaks to retiring CIO Gary Bruebaker about the fund's secret sauce.
Swiss plump for alternatives
The Swiss pension sector has always been characterised by a balanced investment mix but an important trend is emerging - funds are increasing their allocations to alternatives.
Future Fund searches for VC managers
Australia’s sovereign wealth fund is looking to partner with top managers to find value in the rapidly-changing venture capital market but warned that the intense competition for assets makes closing deals difficult.
Asset owners demand more ESG from GPs
ESG is a core expectation of LPs in assessing private equity managers, and some asset owners including AP2 are willing to forego opportunities if a manager is not transparent on ESG, a panel at PRI in Person discussed.
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