California State Employees’ Retirement System (CalPERS), the $183 billion pension system, continued its investment in to private equity with a series of commitments worth as much as $425 million. In its May 16, Investment Committee meeting, the pension fund made up to $415 million in commitments to five private equity funds. In its investment committee […]
Limited partners in private equity have been changing their allocations in the face of a changed and changing market. The latest of the largest private equity LPs to plan a large allocation change is the California State Teachers’ Retirement System (CalSTRS). The retirement system will decide in July on a plan that would see it […]
The California State Teachers’ Retirement System (CalSTRS) is considering a plan to slightly cut back its venture allocation in favor of more buyouts. The pension system’s investment committee will meet in July to consider recommendations that its target allocation for buyout funds be increased from 60% to 70% and that the target allocation for investment […]
RCP Advisors LLC, a fund-of-funds based in Chicago, is continuing to forge ahead. The firm, in the midst of raising its third fund, a $175 million targeted vehicle, recently announced that it has made a commitment to Sentinel Capital Partners latest vehicle, investing alongside AlpInvest, Abbott Capital Management and Pacific Corporate Group. Sentinels new $319 […]
Oregon is the latest state to invest money into indigenous or nearby private equity groups with the goal of spurring local business development in its region. The Oregon Investment Counsel initiated the program in September, hiring Credit Suisse First Boston to spearhead the effort, which through the recently formed Oregon Investment Fund will dedicate $100 […]
The Great White North is putting more of its green outside of Canada. The CPP Investment Board (CPPIB) announced May 6 that is it committing an additional $1.05 billion to five private equity funds, bringing its total commitment to the asset class to $6.7 billion. * The Toronto-based pension fund committed $257 million to Paris-based […]
The Empire State may be striking back at the laws that govern its pension investment. A bill proposed in the New York State Senate would alter the rules governing pension investment and free the state to, among other things, increase its pensions’ private equity allocations. State Senator Joseph Robach proposed State Senate bill S3894 at […]
The California Public Employees’ Retirement System (CalPERS) announced last week that it again picked Santa Monica, Calif.-based Wilshire Associates as the primary pension consultant to its $182 billion fund. This didn’t come as any surprise to the firm. It has served CalPERS in that capacity for the past 22 years. Wilshire is credited with overseeing […]
The Empire State may be striking back at allocation volatility and the laws that govern its pension investment. A bill recently proposed in the state senate would alter the rules governing pension investment and free the state to increase its pensions’ private equity allocations. For instance, if passed, the bill would eliminate the alternative investment […]
The California Public Employees’ Retirement System (CalPERS) announced last week that it again picked Santa Monica, Calif.-based Wilshire Associates as the primary pension consultant to its $182 billion fund. This didn’t come as any surprise to the firm. It has served CalPERS in that capacity for the past 22 years. Wilshire is credited with overseeing […]