Justin Mitchell

CalPERS also committed to the latest Madison Dearborn fund

In addition to making its commitments, Washington announced Thursday that Allyson Tucker would take over from the retiring Gary Bruebaker.

The $58 billion pension's staff wants to be able to spend more on secondaries without board approval, and broaden its options for co-investment deal flow.

Private equity allocation is at 7.1 pct versus 8 pct target.

Washington private markets committee recommended $450 mln in total commitments to the board FY19 one-year private equity returns over twice as much as benchmark Washington total funds valued at $139.56 bln

Opportunity zone fund managers are facing a more complex and challenging market than expected, sources tell Buyouts. While most managers believe the program still has potential, it has not been the windfall many were hoping, with many funds struggling to meet their targets. Mark Bell, head of family office services and private capital at wealth […]

Oregon Investment Council’s Opportunity Portfolio for its largest fund took a nosedive in short-term performance in fiscal year 2019, according to a presentation given to the council at its Oct. 30 meeting. According to meeting materials published on Oregon’s website, the $1.7 billion portfolio had one-year returns of 3.6 percent as of June 30, well […]

California State Teachers’ Retirement System saw its overall investment costs fall by six percentage points in 2018, according to documents posted on its website ahead of its board and committee meetings this week. But the reduced costs came from a whopping 36 percent drop in carried interest compared to the year before, which the pension […]

Florida’s State Board of Administration committed $426 million to private equity in the third quarter, a source told Buyouts. The commitments are: • $45 million to Accel-KKR Capital Partners VI, a buyouts fund with a $2.5 billion target managed by Accel-KKR Capital Partners; • $75 million to Carnelian Energy Capital III, a $775 million fund […]

Massachusetts Pension Reserves Investment Management Board committed to KPS Capital Partners’ fifth flagship fund and its debut mid-cap fund, according to a packet prepared for its October meeting. MassPRIM committed $75 million to KPS Special Situations Fund V and $40 million to KPS Special Situations Mid-Cap Fund. Those funds closed oversubscribed earlier this month, Buyouts […]