The California Public Employees’ Retirement System is tweaking its asset allocation strategy, reducing its allocation to fixed income and boosting its allocations to highly liquid and inflation-linked assets, as a way to improve the risk-adjusted performance of its $220 billion-asset fund. Administrators of the nation’s largest public pension fund are betting the new approach will […]
An acquisition of funds-of-funds manager AlpInvest Partners N.V. by The Carlyle Group would make the latter more attractive to investors if the firm goes public next year as is widely expected. A source familiar with the deal talks confirmed to Buyouts on Dec. 23 that the Washington, D.C.-based firms is in talks to buy the […]
Anticipating higher payouts to retirees in the years ahead, the Pennsylvania State Employees’ Retirement System plans to throttle back its allocation to buyouts and venture capital in favor of more conventional stocks and bonds. The board, meeting in December, adjusted its allocations to various asset classes, “in order to meet the liquidity needs arising from […]
Appetite for private equity funds will remain muted this year, although investors should be reasonably hungry for partnerships earmarked for mid-market buyout, growth equity and Asian private equity funds, according to a late 2010 survey of funds-of-funds managers and other investors. The killjoy continues to be overhang—the piles of money pledged to buyout funds during […]
Firm: Hamilton Lane Key Executives: Mario L. Giannini, chief executive officer; Erik Hirsch, chief investment officer Assets under advisement and management: $100 billion Headquarters: Bala Cynwyd, Pa. Staff worldwide: 153 Other office locations: Singapore, Tokyo, Hong Kong, Tel Aviv, London, New York, Fort Lauderdale, San Diego and San Francisco. For someone supervising billions of dollars in commitments each year, Erik Hirsch, chief […]
Firm: Hamilton Lane Key Executives: Mario L. Giannini, chief executive officer; Erik Hirsch, chief investment officer Assets under advisement and management: $100 billion Headquarters: Bala Cynwyd, Pa. Staff worldwide: 153 Other office locations: Singapore, Tokyo, Hong Kong, Tel Aviv, London, New York, Fort Lauderdale, San Diego and San Francisco. For someone supervising billions of dollars […]
Firm: Hamilton Lane Key Executives: Mario L. Giannini, chief executive officer; Erik Hirsch, chief investment officer Assets under advisement and management: $100 billion Headquarters: Bala Cynwyd, Pa. Staff worldwide: 153 Other office locations: Singapore, Tokyo, Hong Kong, Tel Aviv, London, New York, Fort Lauderdale, San Diego and San Francisco. For someone supervising billions of dollars […]
More and more companies are slipping out of S&P’s “weakest links” list, continuing the year-to-date trend. In fact, the ratings agency said in a report dated Nov. 18 that there has been a decline for 14 consecutive months. Through Nov. 11, there were 110 entities on the list with combined affected debt of $133.291 billion, […]
The Washington State Investment Board has edged above its target allocation, thanks to private equity accounting for 25.3 percent of its $56.3 billion portfolio as of the end of September. Its target allocation is 25 percent. What that means for one of the industry’s biggest limited partners—the board committed more than $3 billion to private-equity […]
The $1 billion Chicago Firemen’s Annuity and Benefit Fund is looking to commit $10 million to $15 million to private equity in the next 12 months, despite being at its target allocation to the asset class. Areas of interest include domestic small to mid-market funds and global secondaries, said Chief Investment Officer Michael Moran. The […]
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