The chief investment officer for the US’s largest pension fund emphasised long-term performance over short-term results on a media call with reporters.
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The $53bn US pension posted a first-quarter return of 2.51% for an allocation covering private debt, private equity and venture capital.
Dillon Lorda’s departure is part of a series of recent personnel changes at the investment consulting firm.
The revised investment mandate follows a federal decision to delay withdrawals from the fund for at least 10 years.
The private income allocation category has already surpassed the $700m target the limited partner set for fiscal year 2017.
Nasdaq Private Market has launched a platform to let HNWIs trade stakes in private equity feeder funds.
The 10 largest fund closes last year raised $92bn, surpassing the $86bn in 2015 and showing the asset class continues to attract capital in a low-growth environment.
The Canadian insurer has acquired the only timberland asset held by infrastructure fund manager Palisade.
Caroline Weir, a former partner and financial controller at NewSmith Asset Management, has joined the placement agent in London.
Ari Levine, who covered marketing and communications for 21 Partners in France, has joined Unigrains in the newly created role.