Patrick Mulholland

AUM: $71.8 bln Target allocation to PE 12 pct; actual allocation 10.8 pct Committed $600 mln to three funds Massachusetts Pension Reserves Investment Management Board committed $600 million across three funds, almost matching its total prior allocation to private equity this year. The board of the $78.1 billion retirement system, which convened last week, committed $300 million to Hellman […]

AUM: $71.8 bln Target allocation to PE: 12 pct Actual allocation to PE: 10.8 pct PE strategy: In its recent Fiscal Year 2019 Goals and Objectives, staff proposed that MassPRIM raise its target allocation for private equity from 11 to 12 pct. Key advisers/consultants: Cortex Applied Research Whom to contact for a meeting: Stephanie Rosario (srosario@mapension.com) Why this is important: MassPRIM […]

Fund III targets $500 mln Has raised at least $155 mln Prior fund closed on $350 mln in 2014 Accel-KKR, a technology-focused investment firm, attracted a slew of commitments from investors in recent weeks for its latest growth offering, which is targeting $500 million, according to an SEC filing and Buyouts research. Accel-KKR Growth Capital […]

Fund III targets $500 mln Has raised at least $155 mln Prior fund closed on $350 mln in 2014 Accel-KKR, a technology-focused investment firm, attracted a slew of commitments from investors in recent weeks for its latest growth offering, which is targeting $500 million, according to an SEC filing and Buyouts research. Accel-KKR Growth Capital […]

OIC’s AUM: $76.6 bln Target allocation to PE: 17.5 pct; actual allocation 20 pct Pension makes single largest fund commitment this year Oregon Investment Council re-upped with Vista Equity Partners in what has been the pension’s single largest fund commitment this year. Last week, the council, which oversees Oregon Public Employees Retirement Fund, committed $500 million to […]

AUM: $76.6 bln Target allocation to PE: 17.5 pct Actual allocation to PE: 20 pct PE strategy: OIC’s PE policy permits allocations of 13.5 pct to 21.5 pct of the total fund. The asset class is managed with the objective of earning at least 300 basis points in annualized, net excess returns relative to the Russell […]

Target allocation of 8 percent to private equity May lift buyouts share of target to 65 pct from 60 pct Policy revision may free up added $1.25 bln for buyouts Investment staff at California Public Employees’ Retirement System have proposed to notch up their target suballocation to buyouts, and to ease limitations on choosing buyout […]

AUM: $356 bln Target allocation to PE/VC: 8 pct Actual allocation to PE/VC: 7.7 pct PE strategy: CalPERS has a target allocation of 8 percent to private equity. Of that, the pension is about to approve an adjustment to the percentage share to ‘buyouts,’ from 60 to 65 percent of its private equity portfolio. Key Advisors/Consultants: Meketa Investment Group Whom […]

AUM: $207.4 bln Target allocation to PE/Growth Opportunities: 10 pct Actual allocation to PE/Growth Opportunities: 7.6 pct PE strategy: System increasing target allocation to 10 pct; doubled co-investments to 22 Whom to contact for a meeting: Jennifer Freeman (jfreeman@osc.state.ny.us) Why this is important: NYS Common’s June PE commitments are largest of any month this year, show growing interest […]

Why is this important: Alameda Co., Texas pensions commit to CapVest for first time Fund: CapVest Equity Partners IV Target: $1 bln Amount Raised: N/A Placement Agent: Credit Suisse CapVest, the London private equity firm, has attracted three U.S. pensions to commit to its EU healthcare-focused fund, CapVest Equity Partners IV. Fund IV is targeting $1 […]