Private Equity 8 Hours

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

Pension‑led Expansion in Private Markets

Cal PERS has elevated Anton Orlich to manage its entire private‑markets suite, adding private credit, real estate, infrastructure and other alternatives to his remit. The move follows Orlich’s successful overhaul of the pension fund’s PE strategy, which has lifted returns by roughly 3‑4% annually over the past three years. The appointment signals Cal PERS’ intent to deepen its footprint in high‑growth asset classes amid a tightening supply of quality deals. CalPERS promotes Orlich to oversee private markets portfolio

Government‑backed VC Surge

British Business Bank chief Leandros Kalisperas outlined a plan to boost annual venture capital commitments from £400 million to £2 billion over five years. The strategy targets early‑stage tech and green‑innovation firms, aiming to double the bank’s current output and support the UK’s post‑Brexit growth agenda. The announcement follows a broader push by European development banks to inject capital into high‑potential start‑ups. British Business Bank to deploy £2bn a year to VC and growth

Real‑Estate Secondaries Momentum

Partners Group closed its fifth real‑estate secondaries programme at $650 million, moving closer to a $1.5 billion target. The fund focuses on opportunistic assets in Europe and North America, offering liquidity to institutional sellers while capturing upside in a low‑interest environment. The first close reflects a broader trend of investors seeking yield through secondary transactions amid tighter primary market conditions. Partners Group banks $650m first close for $1.5bn real estate secondaries push

Automation‑Focused Fundraising

Base10 Partners has raised a combined $850 million across two funds, earmarked for logistics, payroll, construction and related automation sectors. The seed and Series A fund will target early‑stage companies building software and hardware that streamline back‑office operations, while the Series B fund will focus on scaling proven solutions. The capital raise comes as supply‑chain disruptions continue to expose inefficiencies that automation can address. Base10 Partners Closes 2 Funds Totaling $850M To Invest In Real Economy Automation

Litigation Victory for Asset Managers

Supreme Court ruled that private investors cannot invoke the Securities Exchange Act to challenge fund bylaws in court, a decision that reinforces the legal shield previously afforded to asset managers. The ruling follows a 2023 appellate decision that broadened the scope of shareholder rights. By limiting litigation avenues, the court’s opinion is likely to reduce legal costs and uncertainty for fund sponsors navigating governance disputes. US Supreme Court sides with BlackRock funds against activist litigation