Teddy Grant
Employees Retirement System of Texas said it plans to invest $800 million to private equity funds for fiscal year 2020, with room to invest up to $1 billion, according to documents from its August meeting. The system wants to commit to nine to 18 different funds, including co-investments, in the next year, Ricardo Lyra, Texas […]
The value of Teachers Retirement System of Texas’ direct investment program grew by 3 percentage points last year, reflecting the system’s continued focus on building its direct investing capabilities. Direct investments, which the pension calls “principal investments,” made up 26 percent of the market value within the program last year, up from 23 percent in […]
San Francisco Employees’ Retirement System hired J.P. Morgan Asset Management (JPMAM) to manage and boost the cash proceeds of securities distributed by the system’s private equity funds, a July 10 memo from CIO William Coaker and his investment team shows. The board sent a Request for Information to six firms as possible managers of the […]
Arizona Public Safety Personnel Retirement System recommended up to $150 million in combined private equity commitments to funds from Stone Point Capital and Baring Private Equity Asia. The system committed $30 million directly and up to $20 million in co-investments to Baring Asia’s seventh fund, said spokesperson Christian Palmer. The fund is targeting $5.5 billion, […]
Connecticut Office of the State Treasurer at its August board meeting announced that it’s investing into a fund from Vistria Group, according to the system’s Strategic Communications Advisor Jackie Primeau. The system committed $75 million to Vistria Group’s third fund, targeting $800 million on a $1 billion hard cap, according to a memo from Connecticut […]
New Mexico Educational Retirement Board committed $190 million to funds from Banner Ridge Partners and Zelnick Media Capital at its August meeting, Chief Investment Officer Bob Jacksha said. The system committed $100 million to Banner Ridge Secondary Fund III, targeting $350 million, according to Secondaries Investor. Banner Ridge buys fund stakes managed by general partners […]
Private and community foundations saw gains in the private equity asset class, despite overall investment returns hitting the lowest level in 10 years, according to a new study. Private equity returns were the best performing asset class for community foundations, returning 10.6 percent, said the report, The 2018 Council on Foundations-Commonfund Study of Investment of […]
Baltimore Fire & Police Employees’ Retirement System reached its target allocation for private equity for the year with its latest round of commitments at its August meeting, according to Amy Baskerville, the system’s director of communications. The system invested up to $15 million into Brookfield Asset Management’s Capital Partners V fund, which has already raised […]
Rhode Island State Investment Commission at its July meeting committed to an opportunistic private credit fund from Davidson Kempner Capital Management. The system invested up to $30 million to the hedge fund’s Long-Term Distressed Opportunities Fund V. The pool focuses on “distressed and growth opportunities across corporate debt and equity, real estate, structured credit and hard […]
Virginia Retirement System announced more than $1.7 billion in private equity commitments it’s made so far this year at its investment meeting in August, according to Public Relations Director Jeanne Chenault. In April, the system committed $325 million to TA Associates’ TA XIII, LP, targeting $7.5 billion. The pool focuses on global growth companies in […]