Regulation designed to draw clear lines of accountability within firms could mean a rethink of management structures or role definitions.
The $8.7bn southern Californian pension has sizeable commitments with SL Capital Partners, Partners Group and Industry Ventures.
The Japanese pension giant has received 23 proposals from private equity funds of funds in its first recruitment drive for external managers for alternatives.
Daniel Garant left the Canadian pension plan, which is planning to launch an in-house secondaries team, to pursue other career aspirations.
The plans may include designing a metric to determine the US's largest public pension’s exposure on a total fund level.
Investors including CDPQ, Florida SBA and LACERA received a letter on Wednesday outlining the terms of the secondaries transaction, which includes a stapled commitment to the buyout firm’s latest fund.
Two days after its chief investment officer hinted at possible cuts in private equity allocations, the Californian pension’s investment committee chair and board vice-president Henry Jones has said in a note on the pension’s website that the asset class is ‘essential’.
Ted Eliopoulos cited controversies over fee transparency and its governance system as the reason it may need to shrink its private equity allocation.
The Blackstone unit expects to take advantage of a rise in dealflow from mature assets.
The private equity portfolio is diversified by vintage and region, Secondaries Investor has learned.