The Pension Benefit Guarantee Corporation, which inherits investment assets including private equity from the pensions of bankrupt companies, has $507m in uncalled commitments.
2 min read · 05 January 2013
Blackstone could receive up to $26m in fees from Dynegy after the company's shareholders rejected the firm's bid this week.
1 min read · 05 January 2013
The $15.6bn Texas County & District Retirement System has committed to Centerbridge, GTCR and EnCap in the past few months.
1 min read · 05 January 2013
New York and the SEC unveiled suits against former Quadrangle chief Steven Rattner, who may face a lifetime securities ban in New York for his alleged role in pension pay-to-play.
2 min read · 05 January 2013
Tulane University’s $1bn endowment, which has been committing to private equity since 1990, says the financial downturn has provided access to funds that would have been closed to the endowment pre-meltdown.
3 min read · 05 January 2013
The state pension giant, among the most active in the market with about $77bn in assets, has committed to KSL, Vestar, Lone Star, M3's Evergreen Real Estate fund and Sheridan Production Partners.
2 min read · 05 January 2013
The $8.8bn pension, which will commit about $225m to private equity this year, made commitments to Black Diamond Capital Management and Strategic Value Partners.
2 min read · 05 January 2013
Donald Trump and other high profile business personalities talked about Henry Kravis in a recent Bloomberg video about the KKR co-founder.
2 min read · 05 January 2013
Despite still reporting a negative 10.8% return for the second quarter, the $221bn pension said its real estate performance had done much better than expected with intial estimates predicting a devastating -37.1% return.
2 min read · 05 January 2013
The $70bn pension negotiated carry down to 16% on Cerberus spin-out Tenex Capital Management’s debut fund. Tenex is led by Michael Green.
2 min read · 05 January 2013
