New York City Pensions’ CIO questions private equity’s billionaires

Meier, who oversees assets worth $272bn, believes private equity's fees are 'too high'.

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Steven Meier, chief investment officer for New York City public pensions (left) and Andy Thompson, Senior Editor for Private Debt Investor

The chief investment officer of the New York City public pension funds has said that he believes private equity’s fees are “too high”.

Speaking at PEI Group’s Private Debt Investor New York forum last week, Steven Meier, who oversees assets worth $272.2