Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Callan tells El Paso trustees: private equity requires pacing, long time horizon and Cambridge benchmarking
Summary
Callan consultants gave trustees an education session on private equity pacing, explaining capital calls, the J‑curve, benchmarking options and recommending a pacing plan to reduce the trust’s private‑equity allocation from 16.9% toward a 13% target with scheduled commitments.
Consultant Callan delivered an extended education session to the City of El Paso Employees Retirement Trust explaining how private equity funds operate, why pacing matters and how the trust’s private‑equity program should be managed over the coming decade.
Chrissy Maynard of Callan outlined private equity’s structure (GP/LP limited partnerships), the typical capital call and distribution timeline, and the J‑curve effect that often produces negative returns early in a fund’s life. She described benchmarking challenges for private markets and said the trust’s move to a Cambridge private‑equity benchmark…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
