Find insights from NCPERS members originally published in our quarterly educational journal. Find out how to submit articles here.
This article discusses the current state of U.S. private debt and how the lower middle-market can offer a differentiated and diversifying opportunity defined by inefficiency, stronger covenants, and more conservative leverage structures. Continue Reading
Leased U.S. farmland is a pure form of real estate that delivers stable income, long‑term appreciation, and strong inflation sensitivity, while being driven by enduring demand for food, fuel, and fiber rather than economic cycles. Continue Reading
A guide to avoiding “plain vanilla” private credit: focus on underserved borrowers, tighter lender groups, and customized capital solutions. Continue Reading
The article outlines how co-investing has emerged as a central strategy in private equity, offering institutional investors—including pension funds—enhanced portfolio control, the potential for improved returns through reduced fees... Continue Reading
The article outlines how co-investing has emerged as a central strategy in private equity, offering institutional investors—including pension funds—enhanced portfolio control, the potential for improved returns through reduced fees... Continue Reading
The next time you feel tempted to sell because the market is falling, keep in mind the risk of losing money is what investors get rewarded for taking. Continue Reading
A practical guide to risk budgeting that explains how to allocate and monitor portfolio risk to align with objectives, enhance governance, and optimize returns. Continue Reading
Our latest five-year capital market assumptions include expected bond returns that are considerably higher than those seen over the past decade. We observe U.S. public defined benefit plans may be accepting more volatility in their portfolios than is needed to achieve their expected return targets. Continue Reading
This latest report from Ortec Finance focuses on the foundational element that determines the successful application of the Total Portfolio Approach (TPA) – the role of governance. Continue Reading
This article argues that the Total Portfolio Approach (TPA) is ill-suited for mid-market public pension plans because it weakens governance, is unlikely to improve performance and introduces additional costs. Continue Reading
This article highlights how public funds can evaluate the advantages and considerations of delegating manager selection to staff or an external party versus retaining the responsibility within the board or investment committee. Continue Reading
This article explores how participant data quietly erodes over time, and why missed deaths and missing participants are often early warning signs of broader risk. Continue Reading
