Private Equity
Filling a key position that had been vacant for a year and a half, the Massachusetts Pension Reserves Asset Management Board, the state’s main pension body, named Michael Bailey as its new head of private equity. He will start on Feb. 26. The post was previously held for several years by Wayne Smith, who left in July 2011.
2 min read · 15 January 2013
3 min read · 14 January 2013
Expect to see a modest bump-up in money committed by the nation’s largest public pension funds this year, according to experts, because of a strengthening stock market, a healthy pace of distributions and the persistence of large unfunded pension liabilities.
5 min read · 14 January 2013
The pace of new private equity and alternative investments at the Florida State Board of Administration is likely to reach about $6 billion in fiscal 2012-2013, as Florida’s primary $126 billion pension fund gradually ramps up its allocations to so-called strategic investments from zero to 11 percent of the portfolio, according to John Kuczwanski, an SBA spokesman.
3 min read · 11 January 2013
The $150 billion New York State Common Retirement Fund, one of the nation’s biggest emerging manager investors, has created a special $250 million separate account for private equity co-investments alongside such managers, according to a senior official at the fund.
2 min read · 07 January 2013
Clearlake Capital Group, a Los Angeles, Calif.-based firm, closed on its third fund, Clearlake Capital Partners III LP, having raised $789 million in commitments from a number of prominent investors. The closing was announced on Jan. 3, but actually occurred in December.
2 min read · 04 January 2013
The $11 billion Maine Public Employees Retirement System, which only started investing in private equity in 2008, plans to double its allocation to PE and also boost other alternatives like infrastructure and commodities, according to Andrew Sawyer, the pension’s chief investment officer.
2 min read · 28 December 2012
3 min read · 24 December 2012
When all the numbers are in, 2012 will go down as one of the biggest years for fundraising in the United States, boosted by a dramatic return of mega-funds.
10 min read · 24 December 2012
The North Carolina State Treasury, which runs the state’s $77 billion in pension assets, named Kevin SigRist to be its new chief investment officer, according to Julia Vail, a spokeswoman for the treasury. SigRist, who plans to start on Jan. 14, will oversee 22 investment professionals.
2 min read · 20 December 2012
