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MainePERS makes $200m alternatives commitment

Private Equity Wire

The Maine Public Employees Retirement System (MainePERS), based in Augusta, has approved two alternative investment commitments totalling up to $200m, according to a report by Pensions & Investments Online citing James Bennett, the Chief Investment Officer of the $20.2bn pension fund.

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AIMCo's CIO Talks Total Portfolio Approach, Private Credit and Risk

Pension Pulse

“The investment horizon for these assets is long and the ability to rebalance in the future is hampered,” warns Marlene Puffer, who joined AIMCo as CIO in 2023 from Canada’s railway pension fund CN Investment Division. Deals have not been done, or we’ve added more due diligence, as a result of these people,” she says.

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Are Alternative Investments the Key to Diversifying Your Portfolio?

Fortune Financial

These investments require thorough due diligence, careful selection of companies or projects and a deep understanding of the industry and market dynamics. PwC reported that there is a significant shift among sovereign and public pension funds towards alternative investments.

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Are Alternative Investments the Key to Diversifying Your Portfolio?

Fortune Financial

These investments require thorough due diligence, careful selection of companies or projects and a deep understanding of the industry and market dynamics. PwC reported that there is a significant shift among sovereign and public pension funds towards alternative investments.

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The Private Debt and Commercial Real Estate Crash Nobody Sees?

Pension Pulse

The 77-year-old billionaire told the Financial Times that big asset managers had competed aggressively to lend to the largest private equity groups as money poured into their coffers in 2020 and 2021, raising questions over the due diligence the funds conducted when they agreed to provide multibillion-dollar loans.

Debt 52
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Florida SBA to Offload $4 Billion in Opportunistic Credit Funds

Pension Pulse

Silas Brown and Kat Hidalgo of Bloomberg report Florida pension to offload up to $4 billion of private credit: The Florida State Board of Administration is looking to sell a bundle of private credit stakes worth as much as $4 billion in what would be one of the largest deals of its kind, according to people with knowledge of the matter.

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The Blackstone Bombshell That Just Shook PE Industry

Pension Pulse

Blackstone told us "extensive pre-investment due diligence showed PSSI had industry-leading hiring compliance." But it seems, that diligence failed to find what was obvious to investigators watching a shift change in a parking lot. No pension fund wants to invest in private companies that abuse immigrant children.