PERSist

Find insights from NCPERS members originally published in our quarterly educational journal. Find out how to submit articles here.

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What Makes a Great Project SME?
What Makes a Great Project SME?

Subject matter experts (SMEs) are invaluable resources in organizations, known for their deep knowledge and experience in specific areas. Knowing what makes a great SME starts with knowing what they'll be tasked with. Continue Reading

Date posted12/23/2025


What Public Pension Funds Can Learn from Continuous Mortality Audits
What Public Pension Funds Can Learn from Continuous Mortality Audits

Learn how continuous mortality audits help public pension funds reduce overpayments, improve data accuracy, and maintain compliance by identifying unreported deaths and missing participants. Continue Reading

Date posted12/22/2025


How to Ensure Smooth Implementation of a New Benefits System
How to Ensure Smooth Implementation of a New Benefits System

Transitioning to a new benefits administration software solution is a significant decision, making it crucial to safeguard this major investment by taking steps now to avoid costly mistakes later. Continue Reading

Date posted12/19/2025


80 Percent Funded Status? Now What?
80 Percent Funded Status? Now What?

As plans, board members, staff, and advisors celebrate many public pensions crossing their 80% funding threshold, a critical question arises: “Now what?” Continue Reading

Date posted12/17/2025


Private Credit + Securitized Credit = Holistic Asset-Based Finance Allocation
Private Credit + Securitized Credit = Holistic Asset-Based Finance Allocation

This article highlights how a manager with investment expertise across both AUMs and securitized credit markets can deliver a comprehensive Asset-Based Finance solution, enhancing manager alpha, increasing diversification and portfolio Continue Reading

Date posted12/15/2025


What a Maturing Private Credit Market Means for Investors
What a Maturing Private Credit Market Means for Investors

The maturation of private credit is shaping opportunities in this dynamic, multifaceted asset class. This article discusses the benefits of private credit in portfolios. Continue Reading

Date posted12/10/2025


Finding Opportunities in Private Markets
Finding Opportunities in Private Markets

By: Emma Norchet, T. Rowe Price Investment Management, Inc. This is an excerpt from NCPERS Fall 2025 issue of PERSist. More firms are remaining private for longer as doing so enables them to focus on long-term growth initiatives free from some of the burdens public companies face. In fact, the... Continue Reading

Date posted12/8/2025


Capital at Sea: Navigating Downside Protection in Maritime Finance
Capital at Sea: Navigating Downside Protection in Maritime Finance

Maritime finance offers lenders a distinctive combination of downside protection, liquidity and high cash flow. Structuring senior secured loans as sole debt providers can allow investors to manage risk and capture attractive returns. Continue Reading

Date posted12/1/2025


Historical Impact of Real Estate on Investor Portfolio Returns
Historical Impact of Real Estate on Investor Portfolio Returns

This article discusses the current state of the commercial real estate market and why the reset pricing that has occurred over the past couple of years could present an opportunity to generate outsized returns in future years on relevant investments. Continue Reading

Date posted11/25/2025


Compressed Growth Differentials Could Favor Non-US Equities
Compressed Growth Differentials Could Favor Non-US Equities

Several forces—tariffs that weigh on U.S. household income, shifts in fiscal and economic policy abroad, and evolving macroeconomic conditions—could compress growth differentials between the United States, Europe, Japan, and China. Continue Reading

Date posted11/20/2025


The Risk Exhaustion Regime Continues
The Risk Exhaustion Regime Continues

We believe ongoing macroeconomic and geopolitical uncertainty is driving significant changes in investor sentiment — particularly in the United States, where performance patterns that once seemed unbreakable are being called into question. Continue Reading

Date posted11/18/2025


Navigating the Evolving Landscape of Public Pensions: Insights from BlackRock’s Latest Peer Study
Navigating the Evolving Landscape of Public Pensions: Insights from BlackRock’s Latest Peer Study

BlackRock's Client Solutions Group analyzed data from over 145 U.S. public pension plans, uncovering key trends in funding, asset allocation and risk, which offers a forward-looking perspective for plan sponsors.  Continue Reading

Date posted11/13/2025