Jozan, who currently serves as head of distribution for Europe, will assume his new role on 1 June 2025 and join AllianzGI's executive committee. He will oversee both investment activity'led by Marta Perez and Sebastian Schroff'and operational aspects across the firm's growing private markets business. With this appointment, AllianzGI is reinforcing its commitment to scaling its institutional private capital capabilities and positioning its private markets platform as a distinct business pillar within the organisation. The announcement comes as part of a wider succession strategy. Michael Krautzberger, currently global CIO for fixed income, will take on the role of CIO of public markets, succeeding Deborah Zurkow, who is set to retire later this year. He will also join the executive committee. Further internal promotions will strengthen AllianzGI's equity and fixed income leadership teams. Michael Heldmann will succeed Virginie Maisonneuve as CIO of equity from October 2025 and becomes deputy CIO immediately. Jenny Zeng, currently CIO fixed income Asia-Pacific, will take over as global CIO fixed income from January 2026 and assumes the deputy role with immediate effect....

Among asset classes, private equity was one of the top performers, trailing only public equities (16.9%) and collaborative strategies (11.1%). The report credited direct lending exposure for collaborative strategies' success, while infrastructure and commodities fueled an 8.4% gain in inflation-sensitive assets. Private equity remains a key driver of CalSTRS' long-term returns. Over the past 10 years, the pension fund has posted an annualized return of 7.8%, exceeding its 7.4% benchmark. Its 30-year average stands at 8.1%, well above the 7% target. Currently, CalSTRS allocates 15.4% of its portfolio to private equity, slightly above its 14% target. The fund continues to expand its private equity exposure, using direct investments and partnerships to optimize risk-adjusted returns. While most asset classes performed well, real estate struggled, delivering a -9.7% return and falling short of its -8% benchmark. Fixed income (1.8%) and risk-mitigating strategies (2%) posted modest gains, while inflation-sensitive investments (8.4%) benefited from rising commodity prices....

The pension giant, Canada's largest, recorded a 3.8% return in the quarter, driven by strong private equity and credit gains. These returns were partially offset by losses in fixed income due to rising US Treasury yields. CPPIB's net assets neared C$700bn ($489bn), hitting this milestone five years ahead of initial projections by Canada's Chief Actuary. CEO John Graham highlighted the fund's active investment strategy, noting that more than 40 deals were signed or closed in the quarter. Among its key transactions, CPPIB acquired a 24.5% stake in video-game services firm Keywords Ventures Ltd., committed $700m to an EQT Private Capital Asia-managed fund, and pledged about $1bn to the proposed merger of packaging firms Novolex and Pactiv Evergreen Inc. The shift toward private equity comes as institutional investors allocate more capital to the sector over private debt. According to iCapital, which oversees $200bn in alternative assets, this trend reflects expectations of lower interest rates and a more favorable environment for IPOs....

Private equity allocations totaled $300m. LACERA committed $50m to Jungle Ventures V, focusing on early-stage investments in high-growth companies. It also allocated $150m to Thoma Bravo XVI and $100m to Thoma Bravo Discover V, both funds concentrating on technology-driven investments. In private credit, LACERA allocated $500m to Siguler Guff & Company and $775m to Centerbridge Partners. Both investments will be executed as managed accounts under Innocap's oversight, leveraging the pension's Dedicated Managed Account platform. In fixed income, the pension committed $600m to Mariner Atlantic Multi-Strategy, a global fund designed to deliver stable returns across market cycles. Real estate investments included $25m allocated to IDR Core Property Index Trust, targeting high-quality property assets. These commitments highlight LACERA's balanced approach to leveraging private market opportunities while enhancing the diversification and resilience of its portfolio. With strategic allocations across sectors, the pension fund remains positioned to deliver strong, sustainable returns for its beneficiaries....