As the secondary market gets ready for the bidding wars that are ripe to flare up over an upcoming sale by CalPERS, the private equity world celebrated another large deal closing last week. The Goldman Sachs Asset Management private equity group and the Canada Pension Plan Investment Board (CPPIB) agreed to purchase a $925 million […]
The Board of the Pennsylvania State Employees’ Retirement System (SERS) met without bloodshed on the Ides of March, revised its 2005 investment returns and approved investments in seven private equity funds for a total of $283 million. The board’s investment consultant Rocaton Investment Advisors, reported that SERS had a net investment return of 14.5% for […]
With private equity returns leading the way, the Pennsylvania Public Employees’ School Retirement System (PSERS) posted gains that, while declining from previous years, were positive and above the national public pension median. Alternative investments, international equities and real estate were singled out for credit for the pension system’s performance. The pension system announced on March […]
In what one partner involved calls a milestone transaction, secondary groups from two large private equity firms financed a secondary buy that established a new fund and financed that fund’s purchase of a buyout fund and its portfolio companies. The two secondary groups from London-based AlpInvest Partners and Boston’s HarbourVest Partners, invested $56 million in […]
The California State Employees’ Retirement System (CalPERS) Investment Committee met on Valentine’s Day this month and made the following private equity commitments totaling $75 million: * CalPERS committed $30 million to The Carlyle Group’s Carlyle Asia Growth Partners III. The fund has a target of $350 million and plans to hold a final close in […]
The United State’s largest state pension system ended its investment year with a bang, committing almost $1 billion to private equity. The California Public Employees’ Retirement System (CalPERS) reported at its Dec. 12, Investment Committee meeting that it had invested $956.5 million into five different private equity funds. CalPERS reported that it has committed to […]
In a move that should interest the private equity secondary market, the California Public Employees’ Retirement System (CalPERS) approved a plan that will likely place some of its private equity holdings on the secondary market auction block. The move is part of a larger restructuring of the CalPERS portfolio. The CalPERS Investment Committee approved a […]
The United States’ largest state pension system ended the year committing about $1 billion to private equity. The California Public Employees’ Retirement System (CalPERS) OK’d $956.5 million to the following funds: * CalPERS committed $400 million to The Blackstone Group’s Blackstone Capital Partners V. The fund, which closed on $12.5 billion in October, will focus […]
The Washington State Investment Board approved an additional $275 million for two private equity funds in mid-November. In its general board meeting on Nov. 17, the pension system approved the following private equity funds for investment: The board approved up to $175 million for Nordic Capital’s Nordic Capital VI. The Stockholm, Sweden-based buyout firm’s last […]
AlpInvest Partners has received a new mandate from pension funds ABP and PGGM of €11bn. The new mandate further strengthens the position of AlpInvest as one of the largest private equity investors worldwide. AlpInvest’s new mandate is amongst the largest mandates ever granted in the international private equity market. It covers an investment period of […]