Many LPs are focusing on re-ups with existing relationships due to the current economic landscape. LPs with dedicated programmes may serve as a valuable lifeline for emerging and diverse-owned managers.
The nation’s largest pension system’s emerging manager commitment flies in the face of many other public allocators that have emphasised re-ups with existing relationships.
Many states and regions lack the access to capital found in major metropolitan areas. In-state private equity programmes help bridge that gap while also providing returns for beneficiaries.