Firms & Funds

The Los Angeles County Employees Retirement Association (LACERA) will up its private equity investments by $600 million, almost tripling its investments in the asset class, according to a new plan adopted by the pension fund’s investment committee last week. LACERA currently has $370 million, or 5.2% of its assets, in alternative investments, a class that […]

Responding to concerns from union members that it was investing in companies that privatize their public sector jobs, the California Public Employees’ Retirement System’s (CalPERS’) investment committee will consider a policy that would restrict its ability to invest with private equity funds that finance those privatizers. After a brief discussion in mid-November in San Diego, […]

Private equity firm HarbourVest Partners has sealed the long-rumored deal with UBS for a significant share of its private equity portfolio. The deal nets HarbourVest 52 limited partner interests in both venture capital and buyout funds. The commitments that UBS made in the portfolio total $1.3 billion. UBS started an auction process for the deal […]

Boston-based HarbourVest Partners announced the promotion of 11 investment professionals in its primary and secondary investment teams as the private equity firm is seeing an increase in secondary deal flow this year. Meanwhile, reports are circulating that the firm is poised to close a large secondary deal potentially valued at up to $1 billion. HarbourVest […]

Though it’s currently caught up in the traditional political morass of passing the state’s budget, the government of Pennsylvania is likely to approve a compromise version of a $250 million program to encourage venture capital investment in the state. Initially, Pennsylvania Gov. Edward Rendell proposed a plan to raise $250 million in bonds for a […]

The California State Teachers’ Retirement System (CalSTRS) will slow the pace of its ambitious private equity program that was just approved by the fund’s investment committee in July. CalSTRS now plans to nearly double the size of its $4.7 billion private equity program over the next five years, committing up to $8.7 billion to buyout […]

Concerned that private contractors are pushing public sector employees out of a job, the California Public Employees’ Retirement System (CalPERS) is considering a new investment policy that would bar it from investing with firms that back those companies. The new policy might effect future investments in companies that privatize education, health care, prisons and other […]

Two sides in the Garden State are squaring off in a battle over possible plans to hand over investment management of the state’s $62 billion pension funds. Both sides are flexing their muscles as they position for advantage in anticipation of a report to be issued by an outside auditor. State officials say privatization reforms […]

Continuing its aggressive push into private equity, the Canada Pension Plan Investment Board (CPPIB) has invested nearly $400 million in five PE funds. Most will be put to work in buyouts, with the rest going to late-stage venture capital and secondary funds. Toronto-based CPPIB is an independent firm that invests on behalf of the Canada […]

Continuing its aggressive push into private equity, the Canada Pension Plan Investment Board (CPPIB) has invested nearly $400 million in five PE funds. Most will be put to work in buyouts, with the rest going to late-stage venture capital and secondary funds. Toronto-based CPPIB is an independent firm that invests on behalf of the Canada […]