Alfie Crooks
The Canadian province’s legislature, led by premier Danielle Smith, dismissed AIMCo’s CEO, Evan Siddall, along with three other board members last Thursday.
The sale comprised 13 fund investments, eight of which held vintages of 2013 or earlier, with the funds offloaded for an adjusted purchase price of $737.1m, according to documents seen by Buyouts.
Senator Casey’s concerns stem from Anchor Hocking’s acquisition of the Charleroi Pyrex glassware plant from Corelle Brands after the cookware company exited its bankruptcy proceedings.
The $72.5bn retirement system gave a verbal update during its October 24 investment committee meeting that it had closed a deal on September 30.
The $93bn system has operated with a growing private equity overweight for the last six years, after being dramatically affected by the denominator effect.
SWIB says it expects to increase its private equity and debt commitment pacing to reduce the system’s excess liquidity.
Buyouts spoke with a spokesperson for the New Mexico State Investment Council to better understand its pacing and co-investment strategy.
Lindsay Goldberg VI is targeting $4bn, with a $4.5bn cap, according to Teachers’ Retirement System of Louisiana’s board documents.
The pension fund, which held its biweekly board meeting October 3, said that it would commit $750m to its private equity portfolio.
The sovereign wealth fund will likely have to increase its commitments to the asset class to $1.5bn in FY2025.