LPs

The “Oracle of Omaha” has no love for private equity.

Santa Barbara County Employees’ Retirement System approved an investment plan that calls for $50 million to $70 million of new commitments across six to eight funds in 2015, Investment Officer Eli Martinez said in an email.

A draft of the South Carolina Retirement System Investment Commission’s investment plan indicates the retirement system will have to commit $750 million to private equity during its next fiscal year to maintain its allocation, according to Feb. 26 meeting materials.

Former New Jersey State Investment Council Chairman Robert Grady will join Gryphon Investors as a partner on March 2. Grady will lead the firm’s general industries group.

Two large public LPs have rolled more than $1 billion in unused commitments for a TPG Capital bridge fund into the firm’s seventh flagship vehicle.

The Montana Board of Investments committed $20 million to American Securities Partners VII in December, according to February meeting materials.

The oil boom went bust. Now it’s distressed investors’ turn to drill.  

After three years of staff turnover and a strategic repositioning of its investment portfolio, the San Jose Federated City Employees’ Retirement System is ready to invest in private equity again.

The Oregon Public Employees Retirement Fund is readying commitments to growth equity funds as it prepares to deploy as much as $2.4 billion to private equity in 2015.

The University of Michigan Board of Regents committed $30 million to CVC Capital Partners’ growth equity fund and an affiliated co-investment fund at its Feb. 19 meeting, according to endowment documents.