News and Analysis

The Board of the $34 billion Pennsylvania State Employees’ Retirement System earlier this month approved $150 million in new commitments to distressed debt, technology and secondary funds. All investments will be funded from cash as part of the pension fund’s long-term investment plan. A €25 million ($40 million) slug will go to Avenue Europe Special […]

The $155 billion New York State Common Retirement Fund is in the final stages of its search for a manager of its private equity emerging manager program, according to Thomas DiNapoli, the state comptroller and sole trustee of the fund. “We are weeks away from making a choice, and the interviews are moving along. We […]

Adams Street Partners to scale up its co-investment activity with its second dedicated pool of capital Funds of funds manager and investment adviser Adams Street Partners plans to scale up its co-investment activity with its second dedicated pool of capital. The Chicago-based firm held a first close on $200 million at the end of the […]

The Teachers Retirement System of Illinois last month created a new allocation that will steer as much as $100 million per year to emerging managers of buyout, mezzanine and venture capital funds. The new allocation expands TRS Illinois’s emerging managers program, which previously directed $125 million annually to emerging firms specializing in public equity investing. […]

Baird Capital Partners Europe has completed the exit of ArmorGroup International by selling its remaining stake to G4S, a UK security, for 80 pence per share in cash, a total consideration of £44m. ArmorGroup, a London-headquartered provider of security services, was floated in 2004 in an IPO that saw Baird sell the bulk of the […]

WirelessMatch, a VC funding network aimed at the wireless, mobile internet and mobile telecoms markets, has launched a partnership with angel investment network Invensco aimed at young companies in the space. The WM Investment Pool has chosen five companies for its members to invest in, with a minimum amount of £25,000. Within that pool, investors […]

The committee set-up to tackle the problem of small and medium-sized UK enterprises (SMEs) failing to secure public sector contracts has called on businesses, public purchasers and industry groups to submit evidence of their experiences of doing business across both central government and local authorities. A webpage has been set-up by the Office of Government […]

Germany is the home of clean technology in Europe according to the world’s venture capitalists. In a study by business consultants Deloitte and the US National Venture Capital Association, 43% of the almost 400 VC respondents named Germany as the second best country in the world, behind the US, in advancing the field of cleantech […]