Dietrich Knauth

CIOs of Texas Teachers, Florida SBA, NYS Teachers and Texas ERS discuss EM strategies Pension funds want specialized strategies, diversity and, above all, returns EMs need patience, persistence to win mandate Large public pensions are always on the lookout for new talent and smaller managers, and the CIOs of four large pension systems recently shared […]

Why is this important: Pledges big to TSG, ABRY, TCV, Hahn; is boosting co-invests, cutting fund of funds AUM: $119 bln; PE target: 8 pct Contact: communit@nystrs.org or +1 800-348-7298 New York State Teachers’ Retirement System committed $646 million to six private equity funds in Q4. The $119.9 billion system has an 8 percent target […]

$119 bln fund has 8 pct PE target TSG, ABRY, TCV among firms that received pledges System boosting co-invests, cutting fund of funds New York State Teachers’ Retirement System committed $646 million to six private equity funds in Q4. The $119.9 billion system has an 8 percent target allocation to PE, and the recent commitments […]

Why this is important: Fund pledged big to KKR, Thoma Bravo, Brookfield in December; chose two long-dated PE strategies in 2018 AUM: $207 bln Contact NYS Common: +1 518-473-4556 or nyscrfinvestmentproposals@osc.ny.gov New York State Common Retirement Fund committed more than $1.1 billion to private equity funds in December, bringing its total 2018 commitment to the asset […]

CRF pledged to KKR, Thoma Bravo, Brookfield Vista received most commitments over the year New York chose two long-dated PE strategies in 2018 New York State Common Retirement Fund committed more than $1.1 billion to private equity funds in December, bringing its total 2018 commitment to the asset class up to $6.3 billion. The $207 […]

Why is this important: State maintaining PE pacing, will use co-invests to cut costs PE allocation: 22.1 percent; target: 17.5 percent Public Employees’ Retirement Fund AUM: $75.09 bln Contact for OIC: James Sinks +1 503-378-4000 or james.sinks@ost.state.or.us Oregon Investment Council approved a private equity pacing target of $2.5 billion to $3.5 billion for 2019 and plans […]

PE overweight tied to higher 2005-2008 pacing Oregon CIO: State not ready to lead co-invest deals State added 2 PE staffers in ’18, plans to add another Oregon Investment Council approved a private equity pacing target of $2.5 billion to $3.5 billion for 2019 and plans to use co-investment to reduce fees in its PE […]

Blackstone’s eighth flagship has $20 bln target Oregon pledged $500 mln to BX’s Capital Partners VII Oregon above 17.5 pct target allocation to PE Oregon Investment Council at its Jan, 31 meeting approved more than $1 billion of private-markets commitments, including a big pledge to Blackstone Group’s eighth fund. The council, which manages $75 billion in […]

SBA reports licensing time rose from 5.1 months in 2016 to 8.2 months in 2017 Now licensing time takes about a year: attorney Government shutdown exacerbated a license backlog The government’s small business investment company program is losing some of its luster among managers as long licensing times and the recent government shutdown hamper LPs’ […]

Assets under management: $223.8 bln PE allocation: $18.2 bln/8.1 pct PE target allocation: 13 pct Why this is important: System is considering ways to boost ability to make direct investments California State Teachers’ Retirement System is considering a staff recommendation to increase its private equity staff by 60 percent, but board members say they want […]