PennSERS sells 13 PE deals amid new changes
Decreasing
exposure to private markets, CIO Ben Cotton disclosed changes in his portfolio last week.
Decreasing
exposure to private markets, CIO Ben Cotton disclosed changes in his portfolio last week.
The $523.5bn system reveals 2025
plans for its real estate, private equity and infrastructure plans, amid new
commitments.
The
$31bn pension plan has made significant changes in its real estate, REIT and
commodities portfolio amid changes in the market environment
The
$39bn Texas ERS boasts 1.8% return against its policy benchmark of 0.37% in the
second quarter. In the recent meeting, the system unfolded pacing plans for RE,
Infrastructure, private equity and private credit.
The
$193bn pension fund has made commitments to five managers, out of which three
are new managers on the roster.
CIO Andrew Palmer will invest $400 million to his real assets portfolio with majority of allocation in core strategies against other strategies.
From Steven Meier
at NYC to Larry Fink, data centers have become attractive to investors. They
plan to allocate through their infrastructure portfolio.
CIO Andrew Palmer is focused on
opportunistic and value add strategies as he plans to grow his infrastructure
sleeve
Many investors naively assume that if an infrastructure asset’s cash flow is in some way inflation-linked, that is enough.
Program’s private equity program reports a loss, leads to restatement of year-end numbers .