Dietrich Knauth
Why this is important: $207 bln pension creates new relationships: Crestview, Reverence Capital The $207 billion New York State Common Retirement Fund committed $200 million to Crestview Partners in September, adding a new manager to its roster of private equity partners. The fund, managed by State Comptroller Thomas DiNapoli, committed to Crestview Partners IV, which focuses on […]
$207 bln pension committed to fourth Crestview fund Committed $25 mln to emerging PE manager NY has 10 pct target allocation for PE The $207 billion New York State Common Retirement Fund committed $200 million to Crestview Partners in September, adding a new manager to its roster of private equity partners. The fund, managed by […]
Barings co-invests with managers in lower-mid market Co-invested in deal that helped GP early in fundraise Barings uses data to help GPs get an edge Mina Pacheco Nazemi is a member of Barings Alternative Investments funds and co-investments team, responsible for overseeing all co-investments. She spoke with Buyouts about taking a more active approach to co-investments, […]
$10.7 bln fund mulls $20 mln-$25 mln to Africa-focused PE Four finalists; CTPF to decide next month System exposed to Africa private markets via fund-of-funds Chicago Teachers’ Pension Fund narrowed its search for Africa-focused private equity opportunities, selecting four finalists for a mandate worth an estimated $25 million. The $10.7 billion pension fund launched a search […]
Why this is important: NEPC takes pay cut from proposal and from average annual cost New Hampshire AUM: $8.7 bln State has committed $125 mln to PE in 2018 to date New Hampshire Retirement System plans to stick with NEPC as its investment consultant, pending final approval by the board in December. NEPC has been […]
NEPC has already had one contract extension Contract would give NEPC slight pay cut State committed $125 mln to PE so far in 2018 New Hampshire Retirement System plans to stick with NEPC as its investment consultant, pending final approval by the board in December. NEPC has been general investment consultant for the $8.7 billion […]
Will lift VC/growth targets by 5 percentage points Wants to diversify portfolio, seek top non-U.S. managers Eyes GP specialists in fintech, AI, cybersecurity, more Los Angeles County Employees’ Retirement Association wants to increase its exposure to venture capital and international private equity funds, seeking to diversify its $5.5 billion PE portfolio. The $55.9 billion pension […]
18.2 pct of U.S. funds include no-fault removal 72 pct of European-managed funds have clause Large funds less likely to enable no-fault GP removal LPs in Europe have latched on to no-fault provisions that make it easier to boot a GP from a fund, but such terms remain rare in the U.S. No-fault divorce clauses, […]
Presented early version of co-investment strategy Will continue researching with board input LACERA sees $350 mln savings over 15 years with more co-investments in house Los Angeles Country Employees’ Retirement Association is evaluating a plan to more aggressively pursue co-investments, using in-house resources to replicate a current $550 million separately managed account with Morgan Stanley. […]
Why this is important: CalPERS explores nontraditional approaches but continues to commit to traditional PE California Public Employees’ Retirement System in August and September committed about $1.5 billion to five private equity funds, including $650 million to Hellman & Friedman’s latest fund, documents show. The $350 billion pension fund has grappled with a range of new […]