Texas Permanent School Fund is increasing its leverage capacity as it seeks to capitalise on market opportunities. The move, which would raise the pension's capacity from 10 percent to 15 percent, is designed to make dry powder available while keeping private equity commitments steady. Staff noted the change at a 20 August meeting.

In today's edition, a $62bn pension is seeking leverage for liquidity; a sovereign wealth fund's PE allocation falls to a nine-year low – with a catch; and Chinese PE activity rebounds. Fresh Insights Leveraging for liquidity.