Firm: Muller & Monroe Asset Management LLC Titles: President and Founder (Rice), Managing Director/Chief Investment Officer (Loud) Assets Under Management: $458 million in separate accounts and co-mingled funds of funds Headquarters: Chicago, Ill. Staff: 11 You won’t find a Muller or a Monroe at Muller & Monroe Asset Management, a Chicago-based fund of funds firm […]
The giant, $237 billion California Public Employees Retirement System says it is seeking a “new investment vehicle,” likely to be a customized fund of funds, to invest in emerging private equity managers, complementing the $2 billion that the pension has already invested in its emerging manager initiatives. CalPERS declined to disclose the size of the […]
The giant, $237 billion California Public Employees Retirement System says it is seeking a “new investment vehicle,” likely to be a customized fund of funds, to invest in emerging private equity managers, complementing the $2 billion that the pension has already invested in its emerging manager initiatives. CalPERS declined to disclose the size of the […]
The giant, $237 billion California Public Employees Retirement System says it is seeking a “new investment vehicle,” likely to be a customized fund of funds, to invest in emerging private equity managers, complementing the $2 billion that the pension has already invested in its emerging manager initiatives. CalPERS declined to disclose the size of the […]
In an effort to build a bigger private equity portfolio, the $6.5 billion Municipal Employees Retirement System of Michigan has engaged a newly merged Carlyle Group and AlpInvest to manage as much as $750 million of the pension’s money. The pension currently has a 9.6 percent allocation to private equity, or slightly more than $630 […]
Ashbel “Ash” Williams, the chief investment officer of the Florida State Board of Administration, said he may urge the board and the state legislature to raise the state’s current cap on alternative investments, such as private equity, from 10 percent to 16 percent, including a new program to invest in hedge funds. Williams emphasized that […]
The $109 billion Teachers Retirement System of Texas said it plans to commit $1.5 billion in fresh capital to private equity through the end of the year, putting the giant pension on a track to spend a quarter billion dollars a month on the asset class, according to a presentation made to the board on […]
The number of LBO-backed companies that Standard & Poor’s considers most in danger of defaulting on their debt continues to dwindle, according to the ratings agency’s latest “weakest links” report. The count trickled down to 19 from the 24 Buyouts magazine identified three month ago. The report, “Global Weakest Links And Default Rates: Weakest Links […]
The largest pension in America has named a new chief for the nation’s largest private equity program. Réal Desrochers was named senior investment officer in charge of private equity at the California Public Employees Retirement System. CalPERS’s private equity portfolio has about $33 billion in assets and $49 billion in committed capital. Desrochers will report […]
The Washington State Investment Board approved a $300 million commitment to a new fund being raised by Providence Equity Partners, the Providence Equity Partners VII, L.P. The fund is reportedly seeking to raise about $8 billion, according to Dow Jones. Liz Mendizabal, who heads up public affairs for the Washington State pension, said the state […]
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