A law passed in June would allow the $65bn pension system to raise its allocation to private equity, to the chagrin of some lawmakers who don’t like the asset class.
2 min read · 05 January 2013
Ted Gillman will work on an international expansion at Ariane Capital Partners, which has traditionally focused on venture capital and mid-market private equity in North America.
2 min read · 05 January 2013
The $43bn United Nations Joint Staff Pension Fund carved out a 6% allocation to private equity last year and has made its first commitments to big funds this summer.
2 min read · 05 January 2013
US regulators are scheduled to finalise implementation rules restricting bank-owned private equity by 18 October, which some sources said could lead to an uptick in sales.
3 min read · 05 January 2013
More limited partners want to form ‘strategic relationships’ that are long-term and involve exposure to multiple strategies, co-founder Steve Schwarzman said during an earnings call this week.
3 min read · 05 January 2013
The $65bn pension system earlier this year completed a secondary sale run by Cogent Partners of fund stakes in TPG Capital, Apollo Global Management and Warburg Pincus.
2 min read · 05 January 2013
The $128bn pension system’s private equity portfolio soared in fiscal 2011, according to preliminary numbers.
2 min read · 05 January 2013
The head of Massachusetts’ $41bn state pension’s private equity programme, Wayne Smith, is leaving the programme after 11 years.
1 min read · 05 January 2013
The San Francisco-based fund of funds has hired Du Chai, who ran private equity at Northwestern University and was ‘integral’ in expanding the endowment’s emerging markets exposure.
1 min read · 05 January 2013
Blackstone’s Q2 earnings in private equity rose as the firm increased job numbers, leading president Tony James to suggest the US economy would be fixed if it had performed similarly.
3 min read · 05 January 2013
