Dietrich Knauth
Hired Greg Ruiz, currently a principal with Altamont Ruiz fills post that had been open since April 2017 CalPERS also named new investment committee chair California Public Employees Retirement System hired an executive from Altamont Capital Partners to lead its private equity program, a post that had been vacant for more than two years. Greg Ruiz is the new […]
Why is this important: Texas TRS commits to Cinven, Triton, GHP 13.9 percent allocation to PE; 13 percent long-term target Teacher Retirement System of Texas committed $389 million to private equity in April, with the biggest commitment going to Cinven. The $150 billion system also pledged to a co-investment aggregator and a single-LP fund. All […]
Biggest commitment to Cinven VII Pledges to separate account, co-investment vehicle Texas mulls adding 1 pct to 2 pct to its PE target Teacher Retirement System of Texas committed $389 million to private equity in April, with the biggest commitment going to Cinven. The $150 billion system also pledged to a co-investment aggregator and a […]
Why is this important: Major California pension updates benchmarks for PE strategies California State Teachers’ Retirement System approved new benchmarks for its private equity investments, hoping to better capture its expected returns from fund-of-fund mandates and new strategies like long-hold investments. The CalSTRS investment committee approved the PE policy at its May 8 meeting, updating […]
CalSTRS expects lower returns from long-hold and fund-of-fund investments New policy raises target allocation to buyouts CalSTRS raised limits on co-investment size, plans to hire to support co-investing California State Teachers’ Retirement System approved new benchmarks for its private equity investments, hoping to better capture its expected returns from fund-of-fund mandates and new strategies like […]
Why this is important: Florida pumps up funding for local tech firms Florida State Board of Administration is lining up a $125 million commitment that would push up its in-state technology investment program to $1 billion. Hamilton Lane is responsible for most of Florida Growth Fund, which covers venture, growth and mezzanine debt investments in […]
Fund encourages venture, growth investments in local tech Was managed by Hamilton Lane; JP Morgan added recently Hamilton Lane received commitment for fund in 2015 Florida State Board of Administration is lining up a $125 million commitment that would push up its in-state technology investment program to $1 billion. Hamilton Lane is responsible for most […]
Founded in April 2018, APT is helping to raise five funds All of the funds are targeting $500 mln or less, with niche strategies A big part of the work is connecting small, global GPs with large North American investors APT Fund Advisory, a new placement agent, is trying to connect smaller global GPs following […]
PE firms averaged 4.25 years between funds in 2018 High valuations, competition for deals have made it harder to put capital to work Once PE funds come to market, they are closing faster PE firms are taking longer to return to market with new funds, with high valuations temporarily reversing a trend of accelerating fundraising […]
Oregon overweight PE, with a 21.3 pct allocation Kept significant overweight after ’08 recession Oregon discussed, did not change, PE benchmarks Oregon Public Employees Retirement Fund, already over its PE target, should prepare to live with an oversized PE portfolio for a long time if a recession hits soon, according to its CIO. The Oregon […]