Massachusetts PRIM Approves $3B+ in Allocations: Major moves into international equities and private credit, with $400M each to three international equity managers and over $2B committed across five private credit strategies.
New Jersey Div. of Investments Commits $750M+: Diversified commitments into private credit, hedge funds, secondaries, and growth equity—including $300M to GCM Grosvenor’s emerging manager platform.
CDPQ Allocates $600M to Fiera Capital: The Canadian giant is doubling down on its commitment to Québec-based managers with this new mandate for global fixed income and equity strategies.
New York State Teachers’ Retirement System Plans $3.4B for 2025: Strategic pacing recommendations include increased focus on small/mid buyouts and niche funds in North America.
CPP Investments Commits $1B+ in Alternatives: Includes $600M to Thoma Bravo XVI and €500M to Blackstone Real Estate Partners Europe VII. Also announces new global head of private equity.
Virginia Retirement System Commits Over $1.6B: Large-scale commitments in real estate, private equity, and multi-asset strategies, including $750M to GCM Grosvenor VRS VI.
Texas County & District Adds $200M in Direct Lending and CLOs: Reflects growing interest in income-generating private credit strategies amid shifting market dynamics.
Over 100 Fund Updates and Allocations Across the U.S. and Canada: The brief aggregates activity from pensions managing over $5 trillion, covering everything from RFPs and terminations to manager searches and strategic reviews.