The $231bn pension also plans to boost its exposure to private debt as well as specialty financing in emerging markets like China and Brazil.
2 min read · 05 January 2013
The state’s investment board committed $500m to KKR’s eleventh North American fund. Despite the re-up reduction, KKR has already raised more than $1bn since launching the fund earlier this year.
2 min read · 05 January 2013
The Chicago-based firm took just seven months to raise its largest-ever fund.
2 min read · 05 January 2013
The John Grayken-led firm has been raising two funds simultaneously since 2009 for real estate and distressed debt investments.
2 min read · 05 January 2013
The Boston-headquartered private equity veteran is expected to be significantly oversubscribed for its seventh buyout fund, targeting $1.6bn, and its second senior debt fund, targeting $1.3bn.
2 min read · 05 January 2013
The hedge fund, which launched in 2005, has underperformed since the financial downturn and has experienced significant turnover, leading the pension to recommend redeeming its capital.
2 min read · 05 January 2013
The state’s $70bn pension is considering selling a big chunk of its private equity portfolio to pare down relationships and potentially 'kick-start' the programme that has been mostly inactive for two years.
2 min read · 05 January 2013
The energy investor has set a target of $2bn for its fifth fund. Barclays' wealth management division has introduced 'select' clients to the fund.
2 min read · 05 January 2013
LPs at Wharton’s 2011 private equity conference said they will continue cutting back on GP relationships, and will consider making commitments to new managers who are good enough to replace existing relationships.
3 min read · 05 January 2013
Citi has slashed the music publisher's debt from £3.4bn to £1.2bn and has reportedly received interest from private equity firms for the company formerly controlled by Guy Hands' Terra Firma.
3 min read · 05 January 2013
