Dietrich Knauth
LACERS recently hired a PE consultant and increased its allocation target to 14 pct The pension’s current PE portfolio has 254 partnerships and 123 specific fund managers Secondary sales, not currently addressed in LACERS’ policy, could help rebalance the PE portfolio Los Angeles City Employees’ Retirement System moved a step closer to its first-ever secondary sales, […]
Chicago Teachers’ has 5 pct target for PE $10.8 bln pension to allocate up to $40 mln under new mandate More than 40 pct of assets managed by firms owned by minorities, women, persons with disabilities Chicago Teachers’ Pension Fund has launched two new searches for minority-owned and women-owned investment firms, looking to allocate $40 […]
NYS committed nearly $6 bln to PE in 2018, with December numbers not yet available The $207 bln pension has a 10 pct PE target CVC also received a commitment from the pension in November New York State Common Retirement Fund committed $500 million to Vista Equity Partners’ long-duration fund, according to its latest investment […]
Why this is important: Santa Barbara pension expands list of GPs to include Thoma Bravo $3 bln AUM pension near 10 pct PE allocation target PE portfolio shift to growth equity, North America, tech Contact: +1 877-568-2940 The $3 billion Santa Barbara County Employees Retirement System committed $62.3 million to private equity in 2018, adding Thoma […]
$3 bln pension near 10 pct PE allocation target PE portfolio shift to growth equity, North America, tech Added Thoma Bravo to roster of GPs The $3 billion Santa Barbara County Employees Retirement System committed $62.3 million to private equity in 2018, adding Thoma Bravo to its roster of general partners in the asset class. […]
Why is this important: Texas placed more funds with KKR and Apollo $150 bln system committed $412 mln to PE Apollo, KKR each manage $4 bln separate accounts Contact: Rob Maxwell, investments communications specialist, +1 512-542-3552 Teacher Retirement System of Texas committed nearly $1.9 billion to private markets in December, including additional allocations for KKR and […]
$150 bln system commits $412 mln to PE Apollo, KKR each manage $4 bln separate accounts KKR got commitments in real assets and infra Teacher Retirement System of Texas committed nearly $1.9 billion to private markets in December, including additional allocations for KKR and Apollo, which run large separate accounts for the pension. For the […]
Why is this important: Bourqui, hired as COIO in May, leaves just as new CIO gets started CIO Meng: search for successor starts immediately Bienvenue, longtime senior investment staffer, is acting COIO Contact CalPERS: +1 888-225-7377 California Public Employees’ Retirement System’s chief operating investment officer, Elisabeth Bourqui, resigned Monday, after less than a year on […]
Elizabeth Bourqui, hired last May, leaves just as a new CIO gets started CalPERS CIO Ben Meng says a search for a new COIO will begin immediately Dan Bienvenue, a longtime member of CalPERS senior investment staff, will become acting COIO California Public Employees’ Retirement System’s chief operating investment officer, Elisabeth Bourqui, resigned Monday, after […]
Why is this important: Major LA pension adopts recommendations from previous PE adviser AUM: $17 bln PE target up to 14 percent from 12 percent Actual allocation closer to 10 percent Contact: lacers.services@lacers.org Los Angeles City Employees’ Retirement System at its December meeting reported $185 million in private equity commitments, completing recommendations made by its former […]