The Public Employees Retirement Association of New Mexico committed up to $150 million to a separate account managed by 57 Stars at its March 10 meeting, Portfolio Manager Joaquin Lujan said in an email.
The California Public Employees’ Retirement System allocated $100 million to invest alongside the Blackstone Group’s tactical opportunities platform in January, according to the retirement system’s March 16 meeting materials.
After a six-year hiatus, the State of Michigan Retirement Systems is evaluating direct co-investments and secondary market opportunities to boost returns and bring down management fee costs, according to a March 5 investment report.
The $30 billion Indiana Public Retirement System committed a combined $350 million to separate accounts managed by Oak Hill Advisors and Oaktree Capital Management, said spokeswoman Jennifer Dunlap in an email.
Thanks to a steadily improving domestic economy, limited partners allocated more than 60 percent of their total buyout fund commitments to U.S. vehicles in 2014, their highest share of the previous four years, according to Bain & Co’s Global Private Equity Report.
The Canada Pension Plan Investment Board (CPPIB) is taking a more disciplined approach to deal selection as prices soar to pre-global financial crisis levels, Senior Principal Neal Costello said at the Columbia Business School Private Equity & Venture Capital Conference on March 6.
The director of the Teacher Retirement System of Texas’s emerging manager program answers five questions, including what TRS looks for in emerging managers, if the funds it has committed to share any traits, and what the future holds. What are you looking for from emerging managers? The market environment has been getting more challenging. We’ve […]
Several major limited partners finalized plans to ramp up their commitment pacing in 2015 recently, setting the stage for another banner year for fundraising. But with general partners coming off the strongest fundraising year since 2008, a fresh outpouring of commitments could push dry powder levels to uncomfortable heights.Â
The SEC ended a three-year investigation into private equity-backed Cobalt International Energy last month, opting not to penalize the oil and gas company for alleged Foreign Corrupt Practices Act (FCPA) violations relating to its stake in oil wells in Angola.Â
The SEC has no plans to ease up on its investigation into the misallocation of fees and expenses by buyout shops, but regulators say the industry has made strides in improving transparency and the terms offered to investors.
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