LPs

Gávea Investimentos closed its latest Brazilian private equity fund on $1.1 billion, adding another vehicle to the already impressive list of Latin America-focused funds to hold closes in 2014.

Indiana Public Retirement System committed $175 million to Hellman & Friedman and The Blackstone Group in November and December, according to an investment update.

The New Mexico Educational Retirement Board committed $40 million to Ares Special Situations Fund IV at board meetings this month, Executive Director Jan Goodwin said.

The New Mexico State Investment Council plans to commit between $600 million and $650 million to private equity next year, a 20 percent increase over its 2014 pace, according to Dec. 15 meeting materials.

Private equity fund investors can now co-invest alongside their managers’ business development companies (BDCs) without SEC approval, easing BDCs’ ability to deploy fresh capital.

Limited partners that committed to the oversubscribed second close of Barclays Asset Management Group spinout Glendon Capital Management saw their commitments cut by as much as 60 percent, according to Los Angeles County Employees Retirement Association documents.

The Pennsylvania Public School Employees’ Retirement System committed up to $450 million to energy and debt funds at its Dec. 9 meeting, including as much as $200 million for Avenue Capital Group’s first dedicated energy fund, according to board resolutions published on the retirement system’s website.

Kentucky Retirement Systems committed $100 million to distressed debt funds at its Dec. 4 board of trustees meeting, allocating $60 million to Black Diamond Capital Management’s latest fund and $40 million to Ares Special Situations Fund IV, Chief Investment Officer David Peden said.