The Ledger
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Briner aims to deploy $10B of North Carolina pension cash into credit
“I think we'll start with it's about ten billion dollars of cash right now. Finding places to deploy that in the single B, double B, or mortgage credit spaces where we can make six and a half, seven, and begin to build that portfolio aggressively as we think th…”
Briner: Pensions shouldn't expand PE because top managers don't prioritize them
“This plan's got plenty of capacity to do more private equity. To be honest, I can't figure out why we would. In part, you got to recognize who you are. Pension plans are not at the top of the wishlist for really successful investors generally.”