Saturday, April 20, 2024

Calpers eyes PE; institutional allocators still hot on private assets

  • Calpers and New York City retirement funds could raise PE exposure after allocation reviews
  • Secondary markets offering opportunities and many leading LPs are now eyeing space
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Higher rates and falling valuations are not putting some of the biggest US allocators off private equity.

Calpers, the largest US public retirement plan, has again signalled a bigger exposure is likely, pending the outcome of a forthcoming asset allocation review.

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