Annabelle Ju
Those promoted include an investment professional who focuses on North American and Latin American secondaries in the firm's Chicago headquarters.
About a third of institutions plan to increase their allocation to private markets this year, a stronger response than for other asset classes, according to a new poll.
HarbourVest has acquired the 6-person fund of funds arm of Bank of America Merrill Lynch, BAML Capital Access Funds, which focuses on emerging and diverse managers.
Anne Stausboll has served CalPERS as chief executive since January 2009, a time when the largest US public pension fund was experiencing turmoil from the financial crisis and an ethics scandal involving its former officials.
The Latin American country presents entry opportunities for foreign investors including secondaries as existing LPs seek liquidity.
James Kase joins the firm to oversee its global sales, client relations and marketing communications after serving as global head of investor relations at hedge fund manager Capula.
The firm is ‘changing the status quo’ by launching US, UK and Australian private markets offerings tailored for defined contribution pension plans.
Fund advisory Triago found shadow commitments are estimated to account for 26% of capital raised this year.
The retirement system said it is restructuring and rebalancing its private equity programme and has already reduced its number of GPs to 100 from 132.
NEPC’s Q3 2015 poll shows that in response to high valuations and restricted access to top quartile managers, these investors are looking into co-investing.