Private Equity
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 to be the chief investment officer for the $53 billion Virginia Retirement System. Skjervem will start on Nov. 1.
2 min read · 20 September 2012
At the urging of Treasurer Steve Grossman, the investment committee for the $49 billion Massachusetts Pension Reserves Investment Management Board has voted to recommend that Michael Trotsky, the pension’s executive director, formally take on the additional role of chief investment officer.
2 min read · 19 September 2012
At the urging of Treasurer Steve Grossman, the investment committee for the $49 billion Massachusetts Pension Reserves Investment Management Board has voted to recommend that Michael Trotsky, the pension’s executive director, formally take on the additional role of chief investment officer. The committee’s recommendation is set for a final board vote on Oct. 2.
2 min read · 19 September 2012
The California Public Employees’ Retirement System severed its six-year-old contract with Centinela Capital Partners, a Los Angeles private equity custom account manager that oversaw two emerging manager accounts worth $1 billion, according to Brad Pacheco, a CalPERS spokesman. Earlier this year, Centinela filed a complaint against the $245 billion pension system claiming racial bias in CalPERS’s decision to choose another firm, Credit Suisse Customized Fund Group, to manage a third account with a similar mandate.
2 min read · 19 September 2012
Martin Day, who until earlier this year managed private equity fund investing and co-investments for the Ontario Municipal Employees Retirement System, joined Caledon Capital Management, a Toronto-based firm that builds private equity customized accounts for small and mid-size pension funds.
2 min read · 18 September 2012
Falcon Investment Advisors, which makes subordinated debt and equity investments in mid-market companies, is seeking to raise its newest fund, Falcon Strategic Partners IV LP, according to the Louisiana Teachers’ Retirement System, which pledged $50 million to the fund last month. The fund is seeking to raise $850 million.
2 min read · 17 September 2012
As their private equity funds neared the end of their natural lives, Grant Behrman and Avi Stein prayed for a resurrection. Their prayers were answered.
4 min read · 17 September 2012
3 min read · 17 September 2012
As CalPERS moves aggressively to overhaul its private equity program, it now has a full senior team in place to carry out the changes, according to Buyouts, peHUB's sister magazine.
2 min read · 14 September 2012
As CalPERS moves aggressively to overhaul its private equity program, it now has a full senior team in place to carry out the changes.
2 min read · 14 September 2012
