$130B+ in new pension fund allocations across private equity, credit, real estate, and infrastructure strategies.
Major moves in real estate with Stonepeak, Carlyle, and Blackstone securing significant mandates.
CIO transitions at CalSTRS and the Church Commissioners for England signal evolving leadership at top institutions.
Tactical rebalancing from Ohio PERS and Stanislaus County indicate shifting risk preferences.
Real assets surge with multiple funds — Connecticut, Rhode Island, and NYC systems—investing in infrastructure and farmland.
Active manager churn: Multiple terminations and hires in small-cap, mid-cap, and international equity sleeves.
Robust search activity, including fixed income, real assets, international equity, and custodial mandates.
Big bets on private credit: TCDRS, Michigan, and New Mexico lead with sizable commitments to direct lending and special situations.