The California Public Employees’ Retirement System has taken a $104 million stake in its longtime fund manager The Carlyle Group’s $4.8 billion buyout of Acosta Inc.
The Los Angeles City Employees’ Retirement System made commitments totaling $55 million to private equity and growth strategies in November.
American Securities Partners VII picked up a $100 million commitment from Teachers’ Retirement System of Louisiana this month, Director of Private Markets Maurice Coleman told Buyouts.Â
The Oregon State Treasury tacked an additional $250 million onto a separate account managed by The Blackstone Group, Chief Investment Officer John Skjervem told Buyouts in an email.
The Virginia Retirement System committed $845 million to private equity funds in August through October, according to a list provided to its investment advisory committee at its Nov. 4 meeting.
U.S. college and university endowments, a vital source of capital for many private equity managers, ratcheted up their allocations to alternative assets by a significant margin this year, according to preliminary data from the 2014 NACUBO-Commonfund Study of Endowments.
The Public Employees Retirement Association of New Mexico allocated up to $60 million for a commitment to Garrison Opportunity Fund IV A at its Oct. 30 meeting, Portfolio Manager Joaquin Lujan told Buyouts.
The Pennsylvania State Employees’ Retirement System has expanded its alternative investment portfolio’s geographic reach by approving up to $50 million for Hahn & Company II, a South Korean middle-market private equity fund, at its Oct. 29 meeting.
The Pennsylvania Public School Employees’ Retirement System will not invest in Centerbridge Partners’ third flagship fund after allocating up to $100 million to the vehicle in August, Buyouts has learned
In hindsight, 2006 wasn’t the best year to launch a first-time fund.
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