In one of the largest series of commitments this year, the $84 billion Washington State Investment Board pledged $750 million to private equity funds and another $500 million to infrastructure funds, one of the fastest-growing asset classes among pension investors.
After a year-long search, Oregon’s Treasury named John Skjervem as the chief investment officer for the state’s main pension funds, which collectively manage $74 billion in assets. Skjervem replaces Ronald Schmitz, who announced last September that he was leaving to be the chief investment officer for the $53 billion Virginia Retirement System. Skjervem will start on Nov. 1.
Pension Division: Oregon Investment Council Assets Managed: $74 Billion (Aug. 31, 2012) Private Equity Assets (Main Fund): $14.2 Billion (Aug. 31, 2012) Private Equity Allocation (Target): 25% (16%) (Aug. 31, 2012) Chief Investment Officer (Designated): John Skjervem After a year-long search, Oregon’s Treasury named John Skjervem as the chief investment officer for the state’s main […]
At the urging of Treasurer Steve Grossman, the investment committee for the $49 billion Massachusetts Pension Reserves Investment Management Board has voted to recommend that Michael Trotsky, the pension’s executive director, formally take on the additional role of chief investment officer. The committee’s recommendation is set for a final board vote on Oct. 2.
Martin Day, who until earlier this year managed private equity fund investing and co-investments for the Ontario Municipal Employees Retirement System, joined Caledon Capital Management, a Toronto-based firm that builds private equity customized accounts for small and mid-size pension funds.
Falcon Investment Advisors, which makes subordinated debt and equity investments in mid-market companies, is seeking to raise its newest fund, Falcon Strategic Partners IV LP, according to the Louisiana Teachers’ Retirement System, which pledged $50 million to the fund last month. The fund is seeking to raise $850 million.
As their private equity funds neared the end of their natural lives, Grant Behrman and Avi Stein prayed for a resurrection. Their prayers were answered.
1. Compass Partners is in the market with a maiden fund targeting $350 million. Tell us what compelled you and your colleagues to spin out of DLJ Merchant Banking and start a new firm? This team had been working together for four years at DLJ when we decided to launch Compass. When we spun out […]
As CalPERS moves aggressively to overhaul its private equity program, it now has a full senior team in place to carry out the changes.
The Nevada Capital Investment Corp., a non-profit board tasked with investing in Nevada-based businesses, announced that it has chosen Hamilton Lane, a private equity management and advisory firm, to oversee the $50 million Silver State Opportunity Fund, which is part of the Nevada Permanent School Fund, an endowment dedicated to K-12 education.