LPs

The Public Employees Retirement Association of New Mexico will commit up to $400 million to private equity this year across six or seven commitments, according to a Cliffwater presentation made available by the pension.

HGGC is expected to hold a final close on its second flagship fund in the first quarter of 2015. The firm closed on $1 billion at the end of last year and is close to hitting its $1.25 billion hard cap, according to Pennsylvania Public School Employees’ Retirement System (PSERS) documents.

New Jersey state Treasury investigators found no wrongdoing in venture firm General Catalyst’s decision to not report a political contribution from one of its executives-in-residence – now Massachusetts Gov. Charlie Baker – months before the state pension committed millions to the firm.

The New Jersey Division of Investment will move forward with more than $1 billion of new commitments to The Blackstone Group, including $750 million to separate accounts, according to spokesman Chris Santarelli.

The New Mexico State Investment Council approved $200 million of commitments to private equity funds at its Jan. 27 meeting, including $50 million for a Utah-based fund manager that specializes in Western U.S. companies.

A presidential bid by Jeb Bush – and maybe another by Mitt Romney – puts PE back in the hot seat.

Private equity firms now comprise a minority of Advanced Medical Pricing Solutions’ customer base, but CEO Mike Dendy sees his company’s healthcare cost audits as a natural fit for sponsors.

Distressed debt firm Saybrook Capital and its portfolio company Total Transportation Services Inc. took steps to quell a labor dispute that has disrupted the transportation and logistics business’ Port of Los Angeles operations, sources told Buyouts.

Two things happened shortly before we went to press with this issue in mid-January that seemed almost symbolic of some larger truth.

1. What’s your take on rising interest rates? Will they go up much in 2015? Will higher rates help mezz lending? I thought they’d be going up in 2015 before oil went below $50 a barrel. If oil prices stay where they are I don’t think interest rates will go up as fast as we […]