Pension System: Minnesota State Board of Investment Assets Managed: $57.5 billion (Dec. 31, 2011) Private Equity Assets: $4.2 Billion (June 30, 2011) Private Equity Allocation: 8.6% of Main Fund (June 30, 2011) Long Term Target Allocation for Alternatives: 20% Executive Director: Howard Bicker The Minnesota State Board of Investment, which manages $57.5 billion for several […]
1. You were hired a year ago to spearhead 3i’s expansion in Brazil. Do you plan mainly to invest from 3i’s global funds, or does the firm plan a dedicated Brazilian fund? Since 3i is a publicly listed company (in the U.K.), and because we have permanent capital, our current strategy is to use the balance […]
Canadian pension funds continue to be among the most aggressive limited partners in taking control of their programs, and driving down their costs, through the use of co-investments and direct investments.
Pension: Pennsylvania Public School Employees’ Retirement System Assets Managed: $47.9 Billion (Dec. 31, 2011) Private Investments: $9.7 Billion (Dec. 31, 2011) Private Equity: $7.2 Billion Private Investment Allocation: 20.4% Private Investment Allocation Target: 20.5% Chief Investment Officer: Alan Van Noord The Pennsylvania Public School Employees’ Retirement System, with $48 billion in assets, has plunged deeper […]
Pension: California Public Employees Retirement System Total Assets: $236 Billion (March 12, 2012) Private Equity Assets: $32.6 Billion (Dec. 31, 2011) Private Equity Allocation: 14% (Dec. 31, 2011) Private Equity Target Allocation: 14% Chief Investment Officer: Joe Dear The $236 billion California Public Employees Retirement System renewed its contract with Pension Consulting Alliance, its private […]
Pension System: Florida State Board of Administration Assets Managed Overall: $154 Billion (Jan. 31, 2012) Assets Managed (Main Pension): $126 Billion (Dec. 31, 2011) Private Equity Allocation (Main Pension): $5.8 Billion (4.6%) Private Equity Target (Main Pension): 5% Executive Director & Chief Investment Officer: Ash Williams It took more than six months to fill the […]
Just across the Sacramento River from its giant rival, the $149 billion California State Teachers’ Retirement System might as well be Avis to CalPERS’s Hertz. Sure, the California Public Employees’ Retirement System is bigger ($238 billion) and gets more headlines. But lately, CalSTRS has been making some waves of its own.
Firm: Riverstone Holdings Fund: Riverstone Global Energy & Power V LP Target: $6 Billion Riverstone Holdings, a private equity firm in the red-hot energy sector, has begun raising money for a new $6 billion fund, Riverstone Global Energy & Power V LP, according to recent reports. The new fund would be the firm’s first since […]
Georgia’s public pensions, long prohibited by law from investing in alternative investments like private equity, may now be closer to allowing such investments after the state Senate voted 50-to-4 to change the rules. The bill nevertheless excludes any allocation changes to the state’s biggest pension fund, the $48 billion Georgia Teachers’ Retirement System. The state […]
Firm: Advent International Fund: Advent International Global Private Equity VII LP Target: $9.4 Billion Assets Under Management: $26 Billion Advent International, a Boston-based firm known for its global focus, is gearing up to start formally raising its seventh private equity fund, Advent International Global Private Equity VII LP, a behemoth targeting $9.4 billion that will […]