The Texas Municipal Retirement System is making a big push into private equity co-investments after voting to double its private equity investment pace earlier this year. The Austin-based pension system manages $29.9B in pension assets for city employees across Texas.
Fallout from the coronavirus pandemic failed to slow a push into private equity co-investments by one of California's largest public pension plans during this year's first half. The $253.6B California State Teachers' Retirement System ramped up commitments to both co-investing alongside fund general partners and to opportunistic debt funds.
Family Office CIO Role 'Is Rapidly Evolving': Brendan MacMillan, Akkad Capital Partners | Exclusive Q&A
Brendan MacMillan is chief investment officer at Akkad Capital Partners, a single-family office based in New York. In this interview, MacMillan discusses why risk management is the integral component to family office investing and how family offices pioneer new strategies that are later adopted by other institution types.
Cheers from the Team at Black Swan Dexteritas, Tech Hedge Fund. Enjoy and stay safe !!!<br /> <br /> <a href="http://www.blackswandexteritas.com"><span style="color: rgb(51, 51, 51); font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; background-color: rgb(255, 255, 255);">www.blackswandexteritas.com</span></a>
<p>Ohio Public Employees Retirement System has established a separate account dedicated to real estate co-investments.</p> <p>The pension fund confirmed to IPE Real Estate that it has hired LaSalle Investment Management for the mandate.</p>
The trend of utilizing co-investments in private equity continues to grow. A Special Report by Preqin found that 69% of the 320 sponsors surveyed offered co-investment rights to their limited partners, with another 18% considering offering co-investment rights in the future.
Vietnam is keeping its intention to establish a government venture capital (VC) fund and aims to co-invest in local startups with private VC firms, a government official said on Wednesday.
The New Jersey State Investment Council voted to invest up to $1 billion in a separate account with BlackRock Inc.'s fund-of-hedge funds unit as part of an effort to tap lower fees from asset managers.
Maurice Gordon, Head of Private Equity at Guardian Life Insurance, says there are three advantages of co-investment programs and shares tips for LPs to make those programs successful.