Gregory Roth

Appetite For Infrastructure Lifts GIP II To Record

Following a surge of interest from several large pension systems, Global Infrastructure Partners closed on the biggest infrastructure fund in history, Global Infrastructure Partners II LP, having secured $8.25 billion in commitments. The close was far above the fund’s initial $5 billion target and signals a growing interest in infrastructure assets, in large part because the value of such investments are usually less impacted by economic shocks and volatile equity markets.

CalPERS Says It Still Supports Emerging Managers

Trying to counter claims aired at a recent state Senate hearing, Joe Dear, chief investment officer of the California Public Employees' Retirement System, wrote a letter to the hearing chairman saying he was "troubled by testimony that questioned our commitment and intentions" with regard to emerging managers - investment firms that are often managed by women and minorities.

Exclusive: CalPERS’s Dear Defends Emerging Managers Programs

Trying to counter claims aired at a recent state Senate hearing that the $243 billion California Public Employees’ Retirement System was reducing its long-time commitment to emerging managers, Joe Dear, the system’s chief investment officer, has written a forceful letter to the hearing’s chairman, Sen. Curren Price Jr., saying that he was “troubled by testimony that questioned our commitment and intentions” on emerging managers.

Indiana Ramps Up $150M In-State PE Program

Under pressure to boost economic activity at home, state pension plans have increasingly been drawing up plans for in-state private equity programs to make sure that pension capital is invested in the local economy. The latest state pension to make plans for such a program is the $26 billion Indiana Public Retirement System, which announced that it was planning to launch a $150 million separate account to invest in in-state private equity funds as well as investing directly in Indiana companies.

MassPRIM Chief Formally Adds CIO Title

Michael Trotsky formally added the role of chief investment officer to his responsibilities at the $49 billion Massachusetts Pension Reserves Investment Management Board, where he already serves as executive director. MassPRIM’s board formally approved the appointment after the state’s treasurer, Steve Grossman, suggested that he take the role to help jump start hiring at the pension following a slew of departures.

FIVE QUESTIONS WITH…. HOPE VAUGHN, Director, Corinthian Capital Group

Fundraising Runs Double Last Year's Pace

Gathering speed, the U.S. private equity industry is on a course to notch its fourth-best fundraising year in history.

Washington Pledges $1.3B to PE and Infrastructure Funds

In one of the largest series of commitments this year, the $84 billion Washington State Investment Board pledged $750 million to private equity funds and another $500 million to infrastructure funds, one of the fastest-growing asset classes among pension investors...

Washington State Pledges $1.3B to PE, Infrastructure Funds

In one of the largest series of commitments this year, the $84 billion Washington State Investment Board pledged $750 million to private equity funds and another $500 million to infrastructure funds, one of the fastest-growing asset classes among pension investors.

Oregon Taps Skjervem As New CIO

After a year-long search, Oregon’s Treasury named John Skjervem as the chief investment officer for the state’s main pension funds, which collectively manage $74 billion in assets. Skjervem replaces Ronald Schmitz, who announced last September that he was leaving...