Justin Mitchell
Massachusetts Pension Reserves Investment Management Board approved $175 million in private equity commitments at its November meeting. The board approved the following allocations: • $75 million to Georgian Partners Growth Fund V, managed Georgian Partners, an $850 million growth equity fund that will target investments in high-growth software companies expected to close in the fourth […]
Los Angeles City Employees’ Retirement System’s private equity adviser TorreyCove recently suggested the $18.38 billion pension up its allocation to buyouts and cut back on venture capital.
“We’re passionate about agriculture and we built the team that way,” Schwartz says. “We spend a lot more time in boots than we do in dress shoes.”
New York City Comptroller Scott Stringer released the City’s Comprehensive Annual Financial Report Thursday, providing some insights into the city pensions’ private equity investments. The Comptroller’s Bureau of Asset Management oversees investments for the city’s pension systems, including New York City Employees’ Retirement System, Teachers’ Retirement System of The City of New York, New York […]
OMERS senior managing director Michael Ryder shares his insight on communications infrastructure and how to strike a successful deal.
Harvard Management Company is planning to significantly increase its private equity and venture allocation over the next seven to nine years, according to a letter from its CEO included in Harvard University’s fiscal year 2019 financial report. “Today, our central concern is that HMC’s allocation to buyouts, growth, and venture capital continues to be low […]
Family offices worldwide faced diminishing returns in 2018, according to the Global Family Office Report for 2019, prepared by Campden Wealth Research in partnership with UBS. The average family office portfolio returned 5.4 percent between the first two quarters of 2018 and the first two quarters of 2019. The Asia-Pacific region had the best returns, […]
Christian Angermayer, despite having a $400 million family office, still considers himself an entrepreneur at heart. He started his first company, Ribopharma, while still in college, but quickly dropped out to build it up. Ribopharma merged with Alnylam Pharmaceuticals in 2003. Soon after, Angermayer sold his shares and became a wealthy man. “Technically, I am […]
Stephens Group, founded in 2006 by W.R. “Witt” Stephens, Jr and his sister Elizabeth, is not your typical single-family office. The Stephens family fortune was built by their father, Witt Stephens, Sr., a “southern financier” who began making private investments in 1933, before the private equity or venture capital industries were well-established—and now his relatives […]
Massachusetts Pension Revenues Investment Trust had the strongest 10-year return on private equity investments among public pensions surveyed as of the 2017-2018 fiscal year, according to a study from the American Investment Council, a lobbying and advocacy group based in Washington, D.C. Massachusetts PRIT had a 13.63 percent 10-year return on its investments, edging out […]