Recent Manager Appointments: Key Institutional Mandate Activity (Late Jan 2026)

Public pension and institutional schemes globally continued to deploy capital across private markets, fiduciary management, and active public equities, with a clear bias toward established managers, consultant-led processes, and scalable structures aligned with long-term portfolio construction and pacing discipline.

Public pension and institutional schemes globally continued to deploy capital across private markets, fiduciary management, and active public equities, with a clear bias toward established managers, consultant-led processes, and scalable structures aligned with long-term portfolio construction and pacing discipline.

Policemen’s Annuity and Benefit Fund of Chicago approved a new private real estate allocation as part of portfolio rebalancing.
– Appointed manager: TA Realty
– Strategy/vehicle: U.S. value-add real estate via TA Realty Fund XIV
– Commitment size: $20 million

Ohio Police & Fire Pension Fund (OP&F) approved a European buyout commitment to maintain lower-mid-market private equity exposure.
– Appointed manager: Inflexion
– Strategy/vehicle: Inflexion Buyout Fund VII (Europe-focused buyout)
– Commitment size: Up to €25 million

National Federation of Municipal Personnel Mutual Aid Associations (Japan) completed a manager-entry process for a new alternatives product.
– Appointed manager: Neuberger Berman (via NB Alternatives Advisers)
– Strategy/vehicle: Global private equity fund-of-funds
– Commitment size: Not disclosed

Lafarge UK Pension Plan concluded a full fiduciary management tender, outsourcing assets alongside a sister scheme.
– Appointed manager: Van Lanschot Kempen
– Mandate type: Full fiduciary management with significant private markets exposure
– Assets under management: ~£1.25 billion (scheme share of £2.5 billion total)

IRCEC (France) finalised a competitive EU tender for a long-duration public equities mandate.
– Appointed manager: Groupama Asset Management
– Strategy/vehicle: Dedicated Eurozone equities “blend” fund
– Mandate size: ~€110 million

What this Signals for Future Opportunities

These appointments signal sustained demand for institutional-quality managers with proven track records, strong consultant or fiduciary relationships, and the ability to operate within formal procurement frameworks. For investment management firms, near-term mandate opportunities are most likely to emerge in mid-sized private market commitments, fiduciary-led sub-allocations, and long-duration public equity mandates—favoring managers that combine scale, governance strength, and readiness for repeatable selection processes.

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Recent Manager Appointments: Key Institutional Mandate Activity (Mid-Late Jan 2026)

Institutional investors continue to emphasize efficient portfolio operations, scalable platforms, and disciplined risk management across public markets, private markets, and overlays. Recent approvals highlight sustained demand for passive overlays, emerging manager programs, specialist real assets strategies, and customized hedge fund structures, with CIO discretion increasingly shaping execut

Institutional investors continue to emphasize efficient portfolio operations, scalable platforms, and disciplined risk management across public markets, private markets, and overlays. Recent approvals highlight sustained demand for passive overlays, emerging manager programs, specialist real assets strategies, and customized hedge fund structures, with CIO discretion increasingly shaping execution speed.

LACERA has approved and advanced a series of significant manager appointments and allocations across overlays, real assets, private markets, hedge funds, and co-investments, reflecting continued emphasis on scale, customization, emerging manager access, and execution efficiency across the Total Fund.

Key appointments and approvals include:

Parametric Portfolio Associates – Advancing appointment as passive cash overlay manager for the Total Fund and OPEB Trust; mandate currently in contract development.
Estimated size: Overlay exposure in the hundreds of millions
Vehicle: Passive cash overlay / cash equitization mandate

BlackRock – Appointed to implement a Real Assets Emerging Manager Program.
Investment: $400 million
Vehicle: Discretionary separate account

GCM Grosvenor – Appointed to implement a Real Estate Emerging Manager Program.
Investment: $400 million
Vehicle: Discretionary separate account

Orion Mine Finance – Approved commitment to a specialist natural resources credit strategy.
Investment: $100 million
Vehicle: Orion Mine Finance Fund IV, L.P.

Aequim Arbitrage – Approved allocation to a customized hedge fund mandate.
Investment: $300 million
Vehicle: Dedicated managed account

Partners Group – Executed a real assets co-investment under CIO discretionary authority.
Investment: $50 million
Vehicle: Direct real assets co-investment

Manager: Partners Group
–Investment: $50 million
–Vehicle: Direct real assets co-investment


Illinois Police Officers’ Pension Investment Fund (IPOPIF)

IPOPIF approved a new US high yield allocation, appointing MetLife Investment Management following a competitive procurement process.

Manager: MetLife Investment Management
Investment: ~2% of plan assets (~$260 million)
Vehicle: Opportunistic US high yield bond mandate


San Diego City Employees’ Retirement System (SDCERS)

SDCERS approved a private debt allocation to Blue Owl Capital, reinforcing its focus on income-oriented private credit strategies.

Manager: Blue Owl Capital
Investment: $50 million
Vehicle: Blue Owl Diversified Lending Fund


Sacramento County Employees’ Retirement System (SCERS)

SCERS completed a re-up with Shamrock Capital, reaffirming its allocation to opportunistic private credit strategies.

Manager: Shamrock Capital
Investment: $50 million
Vehicle: Shamrock Capital Content Fund IV, L.P.


What This Signals

These appointments highlight a shift toward scaled, execution-ready managers, greater use of customized structures, and faster deployment through CIO discretion—while maintaining selective exposure to specialist strategies that enhance income and diversification.

 

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Recent Manager Appointments: Key Institutional Mandate Activity (Dec 2025–Early 2026)

Institutional investors continued to deploy capital across private credit, real assets, private equity, and alternatives, with a clear bias toward established relationships, emerging-manager programs, and resilient income strategies.

Institutional investors continued to deploy capital across private credit, real assets, private equity, and alternatives, with a clear bias toward established relationships, emerging-manager programs, and resilient income strategies.

Sacramento County Employees’ Retirement System (SCERS)

SCERS completed a $50 million private credit re-up, reinforcing confidence in opportunistic and niche lending strategies with experienced managers.

  • Manager: Shamrock Capital

  • Fund: Shamrock Capital Content Fund IV, L.P.

  • Focus: Liquid / opportunistic credit

  • Region: North America


Connecticut Retirement Plans and Trust Funds (CRPTF)

CRPTF approved multiple large commitments across real estate, infrastructure, private credit, and private equity—highlighting its structured emerging-manager pipeline alongside continued support for flagship funds.

Key approvals include:

  • $250m to CRPTF-GCM Emerging Managers Partnership L.P. — 2026-2 RE Series (U.S. real estate)

  • $425m to CRPTF-GCM Emerging Manager Partnership L.P. — 2026-1 PE Series

  • $300m to CRPTF-RockCreek Emerging Manager Partnership, L.P. — Series II (private credit)

  • $150m to iSquared Growth Markets Infrastructure Fund II, L.P.

  • $200m to iSquared Global Infrastructure Fund IV, L.P.

  • $100m to Eagle Point Defensive Income Fund III US, L.P.

  • $150m to Eagle Point CRPTF DIF Co-Investment L.P.


Oregon Investment Council / OPERF

Oregon approved new private equity commitments as part of its ongoing private-markets pacing strategy.

  • Manager: Willamette Investment Partners

    • Fund: Francisco Partners Agility IV (technology-focused buyouts)

  • Manager: TPG

    • Fund: TPG Partners X, L.P. (global upper middle-market buyouts)


State Employees’ Retirement System of Ohio (SERS)

SERS approved a new opportunistic allocation to an alternative trend-following strategy, enhancing portfolio diversification amid elevated macro volatility.

  • Manager: AQR Capital Management


What this signals:
Recent appointments underline allocator preference for manager continuity, scalable emerging-manager platforms, defensive income strategies, and diversification tools—a constructive backdrop for GPs with proven execution and strong institutional alignment heading into 2026.

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Women in Private Markets Summit 4 - 5 December 2024

 

Women in Private Markets Summit
4 - 5 December 2024 |133 Houndsditch, London

The world’s leading investment event for women in

 

Women in Private Markets Summit
4 - 5 December 2024 |133 Houndsditch, London

The world’s leading investment event for women in alternatives.

About:
The Women in Private Markets Summit is the leading fundraising and networking event for
women in the world of alternatives. The Summit is a platform to connect with the private
markets industry, gain the latest insights, and tackle industry challenges in private equity,
infrastructure, real estate, and private debt.
The Summit will welcome 800+ leading investors and fund managers from 50+ countries to
forge meaningful connections and create a diverse network that transcends borders and asset
classes.
This year’s agenda has been designed to provide a deeper focus on specific asset classes,
ensuring that attendees benefit from targeted discussions and insights tailored to their area of
expertise.
The key themes this year include:
 The future of London as a Global Financial Centre
 Diversity dialogue: the role of senior leaders in driving systemic change
 State of the union: investor sentiment in the current environment
 Tips for success: elevating your fundraising to prosper in a challenging environment
 Unlocking potential: how democratisation can transform private markets
 The increased importance of value creation in the current environment
 Secondaries in focus: how the market continues to evolve and grow
 Investor perspectives on allocating to private market strategies
Explore the agenda and discover what’s in store this year here:
https://www.peievents.com/en/event/women-in-private-markets-summit/?utm_source=pei&utm_
medium=referral&utm_campaign=pei-wipm-24&utm_content=referral

Your 10% discount code is: WIPIMEU24_PensionMandate

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LPGP Connect 10th Annual Private Debt London Conference 19th September 2024 at the Royal Garden Hotel, (High Street Kensington)

LPGP Connect 10th Annual Private Debt London Conference 19th September 2024

at the Royal Garden Hotel, (High Street Kensington)

Complimentary passes available for LPs: Private/Public Sector Pension Funds, Insurance, Endowments, 

LPGP Connect 10th Annual Private Debt London Conference 19th September 2024

at the Royal Garden Hotel, (High Street Kensington)

Complimentary passes available for LPs: Private/Public Sector Pension Funds, Insurance, Endowments, Foundations, Multi-Family Offices

LPGP Connect will be hosting the 10th annual private debt conference taking place in London on the 19th of September 2024, The event will bring together 160+ LPs, GPs within the private debt community to discuss the latest developments, best practices and return strategies. The conference agenda has been created to provide attendees with an in-depth look at the most recent issues and concerns for the asset class, as well as insight for both those who already invest in the asset class and those who are interested in learning more and navigating the numerous opportunities available and all under Chatham House Rules.

They are currently finalizing registration and have a couple of complimentary passes allocated for all Limited Partners/Institutional Investors  and your firm, you can register here to secure your place

September 19th – London Streams

https://lpgpconnect.com/event/10th-annual-private-debt-london#register

6th Annual LPGP Connect Women in Private Debt London - LPGP Connect

You are eligible for a 15% discount. To apply, fill in ‘Coupon15’ to receive discount.

As mentioned above Complimentary passes available for LPs: Private/Public Sector Pension Funds, Insurance, Endowments, Foundations, Multi-Family Offices

All you need to do is add your Complimentary Pass then press Add To Cart then proceed to Checkout to fill out your information and complete your registration.

  • ·        Once you are done registering, you will then receive a confirmation receipt.
  • ·        Access to all presentations, networking functions and to entry the drink’s reception after the conference.

Here are some of the speakers confirmed  for 19th September 2024:

  • Raymond Wright – Portfolio Manager, Private Markets – London CIV 
  • Corrado Pistarino – CIO - Foresters Friendly Society 
  • Gillian Day – Senior Portfolio Manager - LGPS Central
  • Vanessa Shia - Head of Private Markets – London CIV
  • Baroness Helena Morrissey – Group Chair – Altum Group  
  • Geeta M. Kapadia - Chief Investment Officer - Fordham University 
  • Alesia Dawidowicz, Managing Director – Stepstone 
  • Elizabeth Cain - Head of Debt Origination - Pension Insurance Corporation 
  • Moritz Zander - Head of Investments - New Reinsurance Company Ltd 
  • Sarah Miller - Senior Vice President - Redington 
  • John Cantwell – Senior Investment Manager - Ireland Strategic Investment Fund 
  • Vijay Padmanabhan - Managing Director, Private Credit - Cambridge Associates
  • Aiofinn Devitt – Head of Investments & CIO – London CIV 
  • Hanna Wan - Director, Investments – Willis Towers Watson  
  • Rebecca Davis – Senior Investment Director – Cambridge Associates 
  • Kathryn Saklatvala - Head of Investment Content - bfinance 
  • Nikhil Chandra – Head of European Credit – OMERS 
  • Bob Tyley – Head of Credit Risk – Hymans Robertson
  • David Wilmot – Partner – Apera Asset Management 
  • Mark Tsang - Private Debt Managing Director – Stepstone Group 
  • Francois Lacoste – Managing Partner, Private Debt – Eurazeo 
  • Matthias Mathieu - Founder, Managing Partner - Bright Capital 
  • Walter Gontarek – CEO & Chairman– Channel Capital 
  • John Jadach - Senior Managing Director Head of US Direct Lending Portfolio Management - CIFC 
  • Dr Daniel Heine - Managing Director Private Debt – Patrimonium 
  • Bernie Galea- Principal – Pantheon
  • Kirsten Bode - Co-Head of Pan European Private Debt - Muzinich & Co 
  • Nadine Buckland – CEO - Zenzic Capital 
  • Lindsay Shepherd - Head of European Marketing - Arena Investors 
  • Sasha Afanasieva - Head of Impact - Big Issue Invest 
  • Karen Lam - Head of Investment Specialists Private Credit – M&G 
  • Emily Woollaston – Director, Head of Investor Relations – Beechbrook Capital 
  • Tavneet Bakshi – Partner – Signal Capital Partners  
  • Gurvinder Singh – CEO – Indus Valley Partners  
  • Stephen McKenna – CCO - Altum Group 
  • Mitchell Mansfield - Managing Director – Kroll 

Looking forward to have you joining the LPGP Conference.

Many thanks,

PensionMandate Team

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Excerpt 12 from PensionMandate Covid-19 Impact- Institutional Investor Sentiment Study 2020: Which advertising methods do you use for the manager searches?

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Excerpt 11 from PensionMandate Covid-19 Impact- Institutional Investor Sentiment Study 2020: Which criterion do you most utilize in selecting an asset management firm?

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Excerpt 10 from PensionMandate Covid-19 Impact- Institutional Investor Sentiment Study 2020: Do you plan to initiate any manager searches within 6 months unrelated to Covid-19 Situation?

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Excerpt 9 from PensionMandate Covid-19 Impact- Institutional Investor Sentiment Study 2020: Do you plan to initiate any manager searches within 6 months due to Covid-19 Situation?

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