Gregory Roth

After Scandal, New Mexico Ushers In New Era

Is there ever a silver lining to a pay-to-play scandal? At the New Mexico State Investment Council such an episode helped pave the way for long-overdue changes, including diversifying the private equity portfolio and concentrating it in the hands of fewer managers.

FIVE QUESTIONS WITH... ANNE MARIE FINK, Chief Investment Officer, Rhode Island Employees' Retirement System

Cassidy Joins Abbott Capital To Head Secondary Buys

Abbott Capital Management, a prominent funds-of-funds firm, has named Martha Cassidy as a director to focus on secondary fund sourcing and due diligence.

Wyoming Earmarks $600M for PE, Snubs Cheyenne Capital

The Wyoming Loan and Investment Board plans to invest $600 million into three separate managed accounts over the next three to five years, with Hamilton Lane and Neuberger Berman each managing $200 million separate accounts. PE shop Cheyenne Capital, which currently manages a separate account for Wyoming, was said to not meet the state's new requirements due to its size.

Wyoming Sets $600M For PE Separate Accounts

S.C. Pension, Treasurer Feud Over Capital Call

In the on-again, off-again war of attrition between South Carolina’s state treasurer, Curtis Loftis, and the rest of the South Carolina Retirement System Investment Commission, where Loftis is a voting member, a stalemate has ensued after the state’s Supreme Court dismissed a case that the commission brought to compel Loftis, who as treasurer is also the pension’s banker, to fund a capital call for a Warburg Pincus private equity fund.

Abbott Capital Launches F-o-F To Raise $1B

Abbott Capital Management has begun raising money on its newest flagship fund of funds, Abbott Capital Private Equity Fund VII LP, and aims to raise at least $1 billion, according to a recent filing with the Securities and Exchange Commission.

Tennessee Pension's Private Equity Chief To Step Down

The $37 billion Tennessee Consolidated Retirement System will soon be looking for a new director of private equity. The pension’s current director, Lamar Villere, told Buyouts, peHUB's sister magazine, that he plans to step down from TCRS at the end of June to become a portfolio manager at Villere & Co., his family’s New Orleans-based money management firm...

Tennessee Pension's PE Chief To Step Down

The $37 billion Tennessee Consolidated Retirement System will soon be looking for a new director of private equity. The pension’s current director, Lamar Villere, told Buyouts that he plans to step down from TCRS at the end of June to become a portfolio manager at Villere & Co., his family’s New Orleans-based money management firm.

Texas School Fund Taps Neuberger For $900M Account

The Texas Permanent School Fund, a $26 billion sovereign wealth fund benefiting the state’s public schools, signed up Neuberger Berman to manage a $900 million private equity separate account that will give the School Fund more say over its private equity investment decisions than it previously had with two separate accounts that were launched in 2010. The new three-year mandate was announced at an April board meeting broadcast on the School Fund’s Web site. The School Fund’s chief investment officer, Holland Timmins, declined to comment.