The Allocator landscape in 2026

Learn how pensions, insurers, and others allocate their money

Explore the forces shaping the investment landscape for pensions, insurers, endowments, SWFs, and family offices. Industry leaders like PGIM, StepStone, Allianz, and more offer insights into the latest trends and tools for allocators navigating today's environment.

Pension funds

Beyond Demographics: Investing in Living (PGIM)

For compliance reasons, this paper is only accessible in certain geographies

Real estate portfolio managers worldwide share perspectives on the opportunities, challenges, and trends shaping living sector investment globally.

Rethinking Private Assets in Target Date Funds (MFS)

For compliance reasons, this paper is only accessible in the United States and Canada

The debate around incorporating private market investments into defined contribution plans and target date funds: potential benefits and practical challenges.

Endowments

U.S. Higher Education Endowments Report Stable Returns (Commonfund Institute)

The latest NACUBO-Commonfund study highlights the importance of a well-managed endowment fund in higher education amid spending increases to support students.

From Buy-and-Hold to Buy-and-Help (Stanford University)

A framework for how to capture the learning experience from addressing a problem in a portfolio to inform decision-making the next time a problem occurs.

Why AI Will Create a New Generation of PE & VC Firms (How I Invest Podcast)

AI isn't just changing technology – it is reshaping how investment firms create value, evaluate managers, and generate alpha. How is it reshaping PE and VC?

Sovereign wealth funds

A Case for Infrastructure Reallocation by SWFs in a High-Rate Regime (Academic)

With the breakdown of the traditional equity-bond diversification, should sovereign wealth funds reallocate toward infrastructure?

SWF Investment in an Age of Geopolitics and AI (IFSWF)

How are sovereign investors balancing resilience, diversification, and long-term opportunity in an era of geopolitical uncertainty?

The Dangers of an American Sovereign-Wealth Fund (Hoover Institution)

Senator Bernie Sanders's American AI Sovereign Wealth Fund Act would require a one-time 50% equity transfer from the nation’s leading AI firms into a state fund.

Insurers

Global Insurance Report 2026 (Allianz)

For the insurance industry, a fragmented global economy is making risk environments more complex, challenging cross-border business models.

A Capital-Efficient Gateway to Private Markets for Insurers (StepStone)

For insurers, private markets offer long-duration, yield-enhancing traits that match insurance liabilities, but they face a growing list of headwinds. What are they?

Family offices

Indian Family Office Playbook: Now, Next and Beyond (Julius Baer)

India family offices are broadening their role to stewardship of family wealth, with many taking a more active part in India’s investment landscape.

Setting Up and Managing a Family Office Following a Liquidity Event (Dentons)

After a liquidity event, how a family office can choose the right model, define governance, and build a structure that supports multigenerational success.