Chris Witkowsky

Yale’s trend-setting endowment has reduced its target allocation to private equity from 35 percent to 31 percent for fiscal 2014, sister publication peHUB reported.

Yale’s trend-setting endowment has reduced its target allocation to private equity from 35 percent to 31 percent for fiscal 2014, sister publication peHUB reported. A spokesperson for the endowment declined to comment. Private equity returned 14.4 percent for the year ended June 30, according to the endowment.

Oregon State Treasurer Ted Wheeler has been discussing ways of transforming the Oregon Investment Council, which manages about $74 billion in total assets, into more of an independent agency with greater power to set compensation, as well as hire and fire employees, sister publication peHUB reported.

Jane Mendillo, president and chief executive officer of Harvard Management Company, gave a decidedly tepid review of the university’s private equity program, sister publication peHUB reported. Mendillo released her annual letter in September, as part of the $32.7 billion endowment’s fiscal year report. For the Ivy League university, private equity includes venture capital. This year, […]

A new Preqin survey of more than 100 institutional investors reveals that many LPs are not happy with the level and quality of disclosure provided in firms’ marketing documents for new funds, sister publication peHUB reported. Specifically, the full terms and conditions and performance track record sections were areas that needed improvement, according to the survey.

Jane Mendillo, president and chief executive officer of Harvard Management Company, gave a decidedly tepid review of the university’s private equity program, sister publication peHUB reported.

Blackstone’s private equity secondaries team has launched its sixth fund targeting $3.5 billion to $4 billion, according to two sources and a marketing document seen by sister publication peHUB.

A former Sun Capital Partners and H.I.G. Partners executive has launched a new special situation-focused fund with the ability to pursue various investment structures, sister publication peHUB reported.

Oregon Investment Council went beyond the recommendation from its investment staff and pledged $300 million to Lone Star’s third real estate fund, which recently raised its hard cap to $6.6 billion, sister publication peHUB reported.

The Washington State Investment Board, one of the most active private equity limited partners in the industry, is dialing back its allocation target to the asset class. The investment board approved recommendations from investment staff this month to drop the target allocation to 23 percent from 25 percent. The fund is already at 23.8 percent […]