Kaitlyn Landgraf Bartley

Management-consulting firm Korn Ferry is assisting with the search for the new CFO, as well as the pension system’s search for a chief investment officer.

Assets under management: $28.8 bln PE target: 16 pct Actual PE commitment: $3.9 bln, or 13.7 pct Pennsylvania State Employees’ Retirement System board moved to commit up to $250 million across three private equity funds at its meeting on July 25, according to a press release. The pension system committed up to $75 million to […]

Assets under management: $28.8 bln PE target: 16 pct Actual PE commitment: $3.9 bln, or 13.7 pct Pennsylvania State Employees’ Retirement System board moved to commit up to $250 million across three private equity funds at its meeting on July 25, according to a press release. The pension system committed up to $75 million to […]

Assets under management: $356.46 billion Interim strategic target allocation to PE/VC: 8 percent Actual allocation to PE/VC: $26.96 billion (7.56 percent) Why this is important: Largest U.S. public-pension fund seeks new CIO amid PE changes California Public Employees’ Retirement System in August will begin interviewing candidates to succeed Chief Investment Officer Ted Eliopoulos, with the aim of hiring […]

Why is this important: SEC is enforcing pay-to-play regulations TRS Illinois committed to 2 Sofinnova funds Sofinnova associate made campaign contribution to Rauner The SEC ordered Sofinnova Ventures to pay a $120,000 penalty for violating pay-to-play laws, which prohibit investment advisers from providing paid services to government entities within two years of making contributions to elected […]

LACERS board votes 6-1 to retain TorreyCove Decision comes a year after previous RFP process collapsed Cambridge had been selected, couldn’t meet fee limits Los Angeles City Employees’ Retirement System awarded a five-year contract to TorreyCove Capital Partners for private equity consulting services, capping a lengthy and tumultuous search for its new consultant. The system’s board […]

Why this is important: LACERS hired TorreyCove to help the system move forward with its substantial PE program LACERS AUM: $17 bln LACERS PE investments: $1.7 bln, or 10 pct of total TorreyCove AUA: $56 bln LACERS Contact: lacers.services@lacers.org  TorreyCove Contact: Kiersten Pinard, kpinard@torreycove.com Los Angeles City Employees’ Retirement System awarded a five-year contract to TorreyCove Capital Partners for […]

Why is this important: The report calls the drop in dispersion of performance between the top 5 percent and bottom 5 percent of venture funds good news for investors. Venture funds’ first-quarter investment multiples dipped from the record Q4 figures but stayed strong. That’s according to PE-software provider eFront’s report on first-quarter returns, risks and […]

Why is this important: Abbott Capital represents nearly a quarter of total exposure Performance: Abbott funds produced IRR of 11.5 percent, TVPI of 1.41x The market value of Orange County Employees Retirement System’s private equity portfolio increased 2.9 percent in Q4, to $1.4 billion from $1.36 billion in Q3. That’s according to a preliminary performance […]

OCERS PE portfolio market value up 2.9 pct in Q4 from Q3 Since inception, PE generated IRR of 13.3 pct 8 managers represent nearly all PE exposure The market value of Orange County Employees Retirement System’s private equity portfolio increased 2.9 percent in Q4, to $1.4 billion from $1.36 billion in Q3. That’s according to […]