LACERA gave its head of real assets the authority to invest up to $250 million a year in co-investments and secondary market transactions.
The Carlyle Group reported $276 billion in AUM for the second quarter, a 6.2% increase from March 31 and up 24.7% from a year ago.
Oregon Public Employees Retirement System returned 25.54% on its investments for the year ended June 30, underperforming its benchmark.
Blue Owl Capital closed its latest private credit fund, Owl Rock Opportunistic Fund, with $2 billion.
Vicky Schiff, co-founder and managing partner at Mosaic Real Estate Investors, is leaving the firm through a buyout.
CalSTRS' portfolio earned a 27.2% net return in the fiscal year that ended June 30, outperforming its benchmark.
The great re-sorting of properties into favored and unfavored groups can miss investment risks and opportunities.
CalPERS witnessed more collaboration among asset owners on proxy proposals, with the exception of ones about executive compensation.
Blackstone recorded $684 billion in assets under management as of June 30, up 5.6% from March 31 and 21% year over year.
Generate Capital raised $2 billion through a second round of direct investments from money managers and asset owners.
A CalPERS-backed bill that would have kept certain details related to its private debt investments secret failed to pass out of committee.
Blackstone Group is acquiring a 9.9% equity stake in AIG's Life & Retirement business for $2.2 billion in a multipronged all-cash deal.
CalPERS' executive search firm, Dore Partnership, does not expect the nation's largest pension fund to have a new CIO in place until March.
Ann Dai is joining Blue Owl Capital as a managing director and in the new position of head of investor relations.
CalPERS earned a net return of 21.3% for its fiscal year ended June 30, underperforming its 21.7% benchmark.
Private equity firms are on a tear, buying smaller companies and merging them for instant growth, but higher returns are not assured.
Los Angeles City Employees' Retirement System made additional commitments of up to $50 million to two real estate funds.
Some asset owners, including CalPERS, are reconsidering how they use tracking error in measuring risk.
CalSTRS and CalPERS officials have seen modest progress in advancing diversity since they started holding forums on the topic.