Brett Johnson
Eschewing long-held fee-reduction focus and limited private market allocation, state pension’s new direction includes interest in GP relationships in CRE mortgage space
Staff of the $63.7bn sovereign wealth fund is eschewing the usual preference for larger-scale managers in its credit portfolio, with a commitment to a second fund from ArrowMark Partners.
The California pension has made its first real estate commitment since setting a reduced pacing plan targeting niche, distressed assets.
The Chicago Teachers' Pension Fund committee is holding off on a $30m allocation to Basis Investment Group following its February meeting.