Steve Gelsi

The $51 billion Alaska Permanent Fund Corp allocated $750 million to set up a strategic partnership to invest in private credit with Apollo Global Management, following up on last year’s commitment to a customized Carlyle Group program.

The $95 billion New York State Teachers’ Retirement System’s 10-member retirement board has authorized its chief investment officer, Thomas K. Lee, to hire TorreyCove Capital Partners LLC as the pension system’s private equity consultant for one year, effective May 1, according to the agency’s website.

The North Carolina Retirement Systems finds itself about $1.5 billion short of its new target allocation for private equity investments with an eye on the U.S. middle market and sponsors with European exposure, as the $87 billion retirement system moves forward with a study of its various asset classes.

New York State Common Retirement Fund has named Hamilton Lane as its new general private equity consultant for a five-year contract, after the Bala Cynwyd, Pennsylvania, investment management  firm won a competitive auction held by the $161 billion pension system.

Hamilton Lane to serve as general private equity consultant LP Capital serving as general consultant during transition period Hamilon Lane wins competitive bidding process New York State Common Retirement Fund has named Hamilton Lane as its new general private equity consultant for a five-year contract, after the Bala Cynwyd, Pennsylvania, investment management  firm won a competitive […]

Onex Corp has closed Onex Partners IV LP as the largest fund in its 30-year history with $5.2 billion in LP commitments, comfortably ahead of its target, according to a statement from the Toronto-based buyout firm.

Varsity Healthcare Partners has closed its inaugural fund with $240 million raised from family offices, with the Los Angeles firm led by veterans of Aurora Capital and Enhanced Equity Funds already chalking up two acquisitions in the eye care and dermatology fields, according to a person familiar with the firm.  

Bruce Ingram has moved firms after working for more than a decade at GE Capital, where he recently headed up the Chicago office for GE Equity.

While limited partners pared back commitments to private equity funds targeting emerging markets last year, they remain most bullish on investments in Southeast Asia and Latin America in the near future, according to industry data aired in May at the International Finance Corp’s16th Annual Global Private Equity Conference.