investor allocations

Meketa presented climate scenario risks, allocations shifted towards sustainable private markets and a colour-coded climate classification was adopted.

In what could be a milestone climate impact investing in private markets, CalSTRS' investment committee will consider increasing its private equity allocation from 13% to 14% on Thursday.

Despite their relatively small size, in-state and local impact allocations will require more oversight and draw more scrutiny than investors’ main private investment buckets.

MassMutual has added $100m to its Catalyst fund for diverse and in-state businesses to ‘create generational wealth‘ among minority and rural communities.

Greater Manchester is addressing concerns around impact measurement and publicity for its local impact allocation, while Alaska halts in-state private equity programme.

'What happens if one of the managers decides to lay off 10% of staff of one of their investments? Can you imagine the headlines and pressure on us to step in and prevent that from happening,' says one board member.

Impact and sustainability remain high on LP wish lists, but a heterogeneous investor universe makes fundraising a difficult exercise.

Goldman Sachs manages Apple’s first Restore Fund, launched in 2021 with a $200m commitment.

Investors 'continue to be cautious about valuations' for later-stage buyouts, which is affecting impact firms in this segment of the market, says Cambridge Associates' Tom Mitchell.

New Private Markets is being enhanced with data tracking funds, managers and limited partners in sustainable funds.