Private Equity 3 Hours

Last updated: June 8, 2026, 11:30 PM ET

Private Equity Focus

Private equity remains the pension’s “top‑performing asset class” as Cal PERS shifts to a total‑portfolio strategy in July, underscoring the class’s continued appeal to large institutional investors CalPERS: PE remains the pension’s ‘top-performing asset class’. Meanwhile, Brendan Foody of Mercor publicly accused Sequoia of “dual‑pricing” valuation tricks, labeling the practice a form of manipulation that could erode trust among deal participants Mercor’s Brendan Foody calls out Sequoia, accusing it of ‘dual-pricing’ valuation tricks.