Investor Commitments

The California pension fund has said it will rescind its investment in the Alcentra European-focused direct lending fund over concerns about the leverage facility used in the fund.

The planned commitment is up $20m from the pace achieved in 2016.

The $2.6bn pension fund increased the amount it committed to the asset class in 2016 in an effort to reach its new target.

Softbank is in the ‘last phase’ of raising a giant tech-focused fund. How does it compare with what is out there already?

The Terra Firma founder is among investors in the latest fund from DN Capital.

The firm’s co-head of US buyout, Sandra Horbach, said LPs are showing strong preference for funds focused on ESG and other factors – prioritising this even over high returns.

The $107.5bn state pension’s private equity failed to outperform its benchmark for all six time periods observed as of 30 September.

The US public pension plan is considering investing in a special purpose vehicle to make private markets investments, bypassing external general partners.

The seventh Asia-focused fund, which is targeting $4.5bn, secured a $100m re-up commitment from New Mexico State Investment Council.

Teacher Retirement System of Texas, which generates some of the best private equity portfolio returns among US public pension funds, won’t invest if it thinks GPs are being greedy