Christopher Witkowsky

The $97bn pension, which has seen the value of its assets plunge by about $30bn since last summer, increased its upper limit allocation ceiling to the asset class to 7 percent from 5 percent in December to alleviate over-weighting.

The $97bn pension, which has seen the value of its assets plunge by about $30bn since last summer, increased its upper limit allocation ceiling to the asset class to 7 percent from 5 percent in December to alleviate over-weighting.

The Washington, DC-based mega-firm has already made investments from Carlyle Mezzanine Partners II and bought some mezzanine investments on the secondaries market.

The Washington, DC-based mega-firm has already made investments from Carlyle Mezzanine Partners II and bought some mezzanine investments on the secondaries market.

The Washington, DC-based mega-firm has already made investments from Carlyle Mezzanine Partners II and bought some mezzanine investments on the secondaries market.

The California pension is set to create a $6bn securities portfolio targeting distressed sellers that will cut across all asset classes. To make room for the portfolio, the pension is shifting its asset class allocations, including increasing allocations to private equity and real estate.

The $28bn national oil fund has canceled commitments to funds including Alinda and Pathway Capital as it tries to re-focus on ‘core’ asset classes amid continuing losses.

Cerberus, HgCapital, Apollo and Gold Hill are among the GPs to see agreed commitments evaporate as the Pennsylvania Public School Employees' Retirement System retrenches.

The Swiss bank’s CHF 599 million in private equity write downs contributed to an overall yearly loss of CHF 1.1bn in the asset management division. Credit Suisse is overhauling its asset management division to focus more on alternatives.

Some of the world’s biggest private equity firms – including KKR, Blackstone, Carlyle, Permira, Providence, Apax and Apollo – have committed to consider environmental, social and corporate governance issues when making investments.