Return targets a challenge due to high inflation, low risk premiums

High inflation and low risk premiums are making it
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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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Kotkin: China bears may have been right about Western resilience

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CalPERS board buckles up as Musicco takes the reins

CalPERS board buckle up for a reboot or the active programme and consistent push into private markets.

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