LPs

David C. Turner, who seven years ago started a private equity portfolio for the Guardian Life Insurance Company of America and led its growth to more than $1 billion, is stepping down effective May 30. Turner will hand the reins to Managing Director Maurice Gordon. (See video interview of Maurice Gordon from June 2014 here.)

Pension fund upped private equity target in 2013 Meketa joins incumbent consulting firm PCA Next allocation review to take place in 2015 Meketa Investment Group, the San Diego-based advisory firm founded in 1978, will advise the investment committee of the California State Teachers’ Retirement System on its allocations to private equity and other asset classes as […]

CalPERS exec to be senior portfolio manager Shifts in leadership team since 2012 System’s private equity portfolio worth $6.6 billion The Florida State Board of Administration has brought in some West Coast muscle to beef up its private equity team. The board hired Wesley Bradle from the California Public Employees’ Retirement System in February as […]

University of Texas Investment Management Co’s Bruce Zimmerman said Carlyle Group’s recent hiring of JPMorgan’s Michael Cavanagh marks an example of private equity firms becoming bigger and more institutionalized. (See related video here.)

Chris McDonough had been acting director of investment Timothy Walsh left Garden State post in 2013 McDonough had been CIO of the city of Philadelphia New Jersey Treasurer Andrew Sidamon-Eristoff has named Christopher McDonough as director of the Garden State’s division of investment to lead a team that overseas $87 billion in assets, including private […]

Steve Gelsi, senior editor at Buyouts, appeared on Reuters Trading at Noon on March 7 to discuss the deal by Cerberus Capital Management to take Safeway Inc private in a deal valued at about $9.4 billion.

The Canada Pension Plan Investment Board (CPPIB) named Ed Cass as its new chief investment strategist and a member of its senior management team on Feb 6, giving him responsibility for the overall investment strategy of the massive pension fund. Cass, currently head of global tactical asset allocation in the pension fund’s public market investments […]

• John Hershey to head alternatives • Appointment part of broader restructuring • Aims to better coordinate private, public investing Oregon State Treasury’s long-time private equity guru, Jay Fewel, announced his intention to retire back in early December, and the industry has been anticipating who would rise to the helm of the state’s large and […]

Peter Nolan, Managing Partner at Los Angeles-based Leonard Green & Partners, discusses his firm’s approach to investing in companies, including Whole Foods, J. Crew and The Container Store, and warns that 2014 will be a challenging year.

Greg Brenneman, Chairman of CCMP Capital Advisors, looks back on a year in which his firm sold about $2 billion of equity from its portfolio companies