Policy·October 19, 2026 at 5:18 PM EDT·1 source
New York pensions chief says private equity firm sought to expense jet use
Policy
What happened
- New York City’s $326bn Retirement Systems chief criticized a private equity firm’s request to expense use of a jet.
- The pensions chief described a “steady creep” in fees charged by investment managers.
New York City Retirement Systems assets
$326bn
Why it matters
The comments highlight scrutiny of private equity fees and expense practices by a major institutional investor, relevant to sponsors, corporate finance professionals and pension allocators.
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Sources (1)
- Financial TimesOct 19New York pensions chief says private equity firm sought to expense jet use
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