Institution: New Mexico State Investment Council Assets Under Management: $16 billion Leader: Gary Bland, state investment officer Size of Private Equity Portfolio: $1.3 billion, with another $2 billion+ in outstanding commitments Private Equity Allocation: 9.6 percent Target Allocation: 8 percent ($1.3 billion), with a range of 6 percent to 12 percent Private Equity Consultant: Aldus […]
Keith Grinstein, 48, a general partner with Second Avenue Partners and strategic advisor to Madrona Venture Group
Russell Read, the chief investment officer for the California Public Employees’ Retirement System (CalPERS), has resigned to pursue his long-standing interest in environmental and cleantech investing. George Diehr, investment committee chair for CalPERS, said: “We wish Russell well in the next chapter of his professional career. He has great enthusiasm for environmental and clean technology […]
Fund-of-funds and secondaries firm AlpInvest Partners has recruited Chris Perriello and Michael Hacker to its New York office. They will both take up positions in the secondary investments team. Perriello joined as a principal. Previously, he was a principal on the primary fund investment team of Paul Capital Partners, and prior to that he worked […]
Name: Allstate Investments LLC Leader: Peter Keehn, Head of Alternative Investments Size Of Alternatives Portfolio: $1 billion ($2.2 billion including unfunded commitments) Alternative Asset Allocation: 1 percent of Allstate Investments’s $120 billion holdings Target Allocation for Alternatives: 3 percent to 5 percent of overall holdings Annual Commitment To Alternatives: $600 million to $700 million If […]
Holding a 7 a.m. interview at the height of the dog days of August, Erik Hirsch of Hamilton Lane epitomizes the work ethic required of the chief investment officer of a global investment firm. Eleven-hour workdays are standard, and he’s not complaining. “I’m usually here now, and get out around 6,” he demurs. Hirsch, 32, […]
One of the constants of public life is the allure of the private sector. Even at the top of the public pension world, the call to move on remains. And so it is in California. The California Public Employees’ Retirement System (CalPERS) Chief Investment Officer Mark Anson announced last week that he was leaving the […]
Rick Hayes, an advocate for public limited partners, on Tuesday tendered his resignation as head of private equity investments for CalPERS to become a managing partner at Oak Hill Capital Management. Hayes could not be reached for comment Thursday, but a spokesman for CalPERS, the nation’s largest pension fund, confirmed that Hayes had resigned as senior […]
Robert Walton will head the California Public Employees’ Retirement System (CalPERS) as its interim chief executive until the pension fund names a permanent CEO in October. Walton will take the reins from James Burton, who is leaving after seven years as chief executive of the Sacramento-based public pension fund to head up the Wold Gold […]
Lane MacDonald was staring at a conference room monitor at Boston-based Alta Communications as the first news reports of the Sept. 11 attacks began streaming in. Few specifics had been provided, but MacDonald was already uneasy about the safety of his colleagues. “When I first heard the reports, I had some concern because we almost […]