Chris Witkowsky
The California Public Employees’ Retirement System has put together a panel of financial industry veterans, as well as member of its own investment staff, to help the system review its emerging manager program, sister news service peHUB reported.
Earlier this year, the Tennessee Consolidated Retirement System lost its first-ever head of private equity, Lamar Villere, who decided to join his family’s investment firm in New Orleans, sister news service peHUB reported.
Carlyle has brought on former UBS Managing Director Neil Collins and former KRG Capital Director Reidan Cruz to run sales and marketing for its new Solutions Group.
Cheryl Maliwanag, a 16-year veteran at Pathway Capital Management, is no longer with the firm, according to a source familiar with Maliwanag, as well as a public document from the Alaska Retirement Management Board, sister news service peHUB reported.
Z Capital Partners, the special situations firm run by James Zenni, the founder of Black Diamond Capital Management, has beat its target for its second fund and is now eyeing its $750 million hard cap, according to two people with knowledge of the situation, sister news service peHUB reported.
As the Pennsylvania State Employees’ Retirement System works through some major shifts in its leadership, the system has apparently had to put on hold planning for a private equity secondary sale that was slated to help it reduce its huge exposure to the asset class, sister news service peHUB reported.
Steve Moseley, former president of the StepStone Group, has taken on a private equity role with the Alaska Permanent Fund, sister news service peHUB reported.
The long-time chairman of the board at the Pennsylvania State Employees’ Retirement System, Nicholas Maiale, who helped move the system into alternative investments, has decided to step down amid an investigation into the system’s former CIO, sister news service peHUB reported.
APG Asset Management, the New York-based investment group of the huge Dutch pension administrator, has rounded out its senior investment team with the recent hire of Michael Dymond as a senior portfolio manager, a spokesperson told sister website peHUB.
The Riverside Company has scored a major exit that marks the second-largest gain in its 25-year history.