Chelsea Stevenson
The $12bn pension committed to ACON’s third fund, which closed on $751m in May.
The Dallas-based firm has been in the market since 2010 reportedly targeting $400m.
The state’s consolidated retirement system contributed to Denham Capital's $750m oil and gas co-investment fund.
The secondary opportunity fund has collected more than its $600m target.
The asset management giant received a $20m commitment from a UK pension fund for its fifth private equity fund of funds.
Chicago-based Valor Fund III is targeting $350m for lower-mid market companies.
Clearlake was formerly part of the system’s emerging manager programme, but ‘graduated’ from the programme when CalPERS made a $50m commitment to the firm’s third fund.
OMERS’ private equity arm plans to sell the North American utility locator service three years after acquiring the company for a 3.5x return.
The dreaded ‘capital overhang’ –uncalled capital held by private equity funds, has declined to $324.7bn, but has the potential to spike again.
The public retirement system made four commitments during the quarter and is on track to reach its private equity goals for the year.