Sam Sutton

The U.S. Securities and Exchange Commission may consider significant changes to the definition of “accredited investor” pending a recommendation of an Investor Advisory Committee. The proposals could lead to the expansion or contraction in the number of people who qualify to participate in private offerings such as private equity funds.

The Wyoming State Loan and Investment Board, which is at its 4 percent target allocation to private equity, is unlikely to commit $200 million that it had originally earmarked for the asset class, Chief Investment Officer Michael Walden-Newman told Buyouts. 

The Nebraska Investment Council named Deputy State Investment Officer Joseph Jurich to the role of acting state investment officer, the equivalent of CIO, at its Sept. 25 meeting. Jurich takes over for State Investment Officer Jeffrey States, who is scheduled to retire on Oct 3.

The New Mexico Educational Retirement Board plans to increase the pace of its annual commitments to private equity funds to $300 million from $175 million, Steve Neel, the board’s deputy chief investment officer, told Buyouts.

The Washington State Investment Board committed roughly $736 million to private equity funds managed by Bridgepoint Capital, Advent International and Roark Capital Group at its Sept. 18 meeting, spokeswoman Liz Mendizabal told Buyouts in an email.

System backs Advent, Bridgepoint, Roark $104.1 bln system 22.3 pct allocated to PE Target allocation for system is 23 pct The Washington State Investment Board committed roughly $736 million to private equity funds managed by Bridgepoint Capital, Advent International and Roark Capital Group at its Sept. 18 meeting, spokeswoman Liz Mendizabal told Buyouts in an […]

The New Mexico State Investment Council re-upped to two private equity managers at its Sept. 23 meeting, spokesman Charles Wollman told Buyouts. New Mexico committed $75 million to Bridgepoint Europe V and $50 million to NGP Natural Resources XI.

The University of Michigan Board of Regents disclosed commitments to Apollo Structured Credit Recovery Fund III and Old Ironsides Energy II at its Sept. 18 meeting, according to documents released by the endowment. The Board of Regents committed $30 million to each fund.

People with close ties to the private equity and venture capital industries had contributed more than $2.25 million to former GTCR partner Bruce Rauner’s Illinois gubernatorial campaign as of Sept. 19, according to a Buyouts analysis of Illinois State Board of Elections data.

The Kentucky Retirement Systems approved a $50 million commitment to Vista Equity Partners’ latest buyout fund at its Sept. 11 board meeting, but it is unclear whether the retirement system will ever actually invest in the fund.