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CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

CalPERS’ private markets chief: TPA won’t disrupt PE commitment pacing

Anton Orlich, CalPERS' newly minted deputy chief investment officer for private markets, says the fund’s July adoption of the total portfolio approach will not impede the private equity strategy launched in 2022, arguing that short-term relative-value calls made under TPA would be expressed in liquid markets and not by oscillating commitments to private markets. In an interview with Top1000funds.com, Orlich unpacks the asset class’s four-year transformation.

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PGGM’s quest for cultural change

The world is changing so rapidly, traditional five-year investment plans are increasingly difficult to implement. Asset owners, head-down and concentrating on just the next five-years, risk “opening the curtains” to find the world around them has moved on much faster than they realised, said Geraldine Leegwater, CIO, PGGM.

CalPERS board reflects on liquidity and leverage; higher delegation limits

The investment team at CalPERS asks the investment committee for an increase in staff delegation limits for private assets to help meet the new SAA to private markets, and the board reflects on the liquidity and leverage program in place.

Why Germany’s economy is hardest hit by the energy crisis

The former head of Shell explains why the German economy will feel the brunt of the European energy crisis, and argues that nuclear power is the best route to Europe's energy security and net zero ambitions.

Pooling benefits show at Border to Coast in path to investment excellence

As Border to Coast approaches its 5th birthday chief executive Rachel Elwell reflects on the achievement of building a sustainable organisation, what investment capabilities are still to develop and the priorities for the underlying partner funds.

Why active investment is a zero sum game

Asset owners are increasingly under pressure to find alpha via active management because of declines in beta. Drawing on his research into active strategies at Norway’s Government Pension Fund Global, Maastricht University's Rob Bauer argues active doesn't pay.

The pandemic has exposed harsh new equalities warns ITUC

The pandemic has exposed tragic fault lines and new levels of inequality according to Sharan Burrow, general secretary, International Trade Union Confederation, speaking at FIS Maastricht on the eve of her departure from the organisation where she has been general secretary since 2012.

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