Preeti Singh

The $153bn pension wants to increase the programme to 35% and double its investment team.

The private markets veteran talks private markets growth, consolidation and why he’s concerned about returns.

Co-investing by the US's largest public pension has stalled due to challenges around speed of execution.

The firm activated fees on the vehicle in January following a $2.8bn first close in August.

The pension system will continue to evaluate secondaries to opportunistically sell and buy interests in.

The Commonfund Forum survey also showed LPs predict weakening consumer confidence will end the current bull run within the next year.

The industry group has teamed up with consultant Colmore, whose Fee Allocation Incentive Reporting programme aims to help investors ensure they are not overpaying for alternatives.

Walter Robb joins as senior advisor and Taryn Goodman as sector lead for food and agriculture.

Offloading a $1.3bn portfolio to Ardian helped push the pension system to a since-inception DPI capital ratio of 1.0x.

The pension system found errors in GP reporting on carried interest, tax deductions and capital contributions last year.