Justin Mitchell

The pension already has some private debt assets, which will be rolled into the new portfolio when it launches on July 1.

The pension got 101% of its holdings' value in a string of payments stretching back to at least July.

The Pathfinder fund will have an "expanded mandate and opportunity set" from its predecessors, according to Utah trust fund documents.

The moves come as a wave of activist pressure sweeps up against major LPs.

Staff hopes to increase private equity commitments by as much as $700m from 2019.

Commitments include funds from Insight and EagleTree, among others.

Oregon plans to make between 10 and 15 commitments of $100mn to $500mn in 2020, staff said.

The $254bn pension will slowly raise the allocation in a series of "steps," but will not commit to a hard timeline for the process.

Recently, I have noticed a tension between a public pension’s duty to its stakeholders and its role as a limited partner in the private equity industry. The first demands openness, while the second is defined by discretion. I expect this dynamic to become more pronounced in 2020. Pensions want private equity portfolios. With many of […]

Commitments include $600m to Lexington Partners and a separate account with Asia Alternatives.