The $39.2 billion fund, which manages income from the state’s oil and mineral resources, has also cut its domestic equity and fix-income exposure.
1 min read · 05 January 2013
The $182bn Sacramento, California-based pension, struggling with the denominator effect, will vote next week on whether to raise the upper limit of its target allocation to real estate and private equity. The pension's real estate portfolio is currently 1.6% overweighted.
2 min read · 05 January 2013
Wilks Broadcast Group, established by media-focused private equity firm The Wicks Group of Companies, has agreed to acquire three Denver radio stations.
1 min read · 05 January 2013
The consumer products specialist has named John Kenney as a managing director and partner of the firm. Kenney spent ten years at AEA and assisted on the successful exit of Burt's Bees to Clorox last year for $925m.
1 min read · 05 January 2013
The energy specialist has promoted former Merrill Lynch investment banker David Hayes and former Hunt Oil vice president Colin Raymond from principals to managing directors.
1 min read · 05 January 2013
Despite a bleak fundraising climate, several firms with similar characteristics closed large funds this week, writes Matt Levin.
2 min read · 05 January 2013
The Massachusetts-based firm has raised its largest fund to date, buoyed by a $900m commitment from parent company MassMutual. The fund held a first close on $1.4bn in June.
2 min read · 05 January 2013
The information, business services and healthcare specialist has named Daniel Pelak, Jeffrey Gallant and Scott Bontempo to its executive-laden Resources Group. Bontempo most recently worked as lead human resource executive at Cerberus Capital Management.
2 min read · 05 January 2013
The $182bn pension, struggling with the denominator effect, will vote next week whether to raise the upper limit of its target allocation to private equity and real estate. The fund also has committed $150m to Carlyle’s dedicated financial services fund.
2 min read · 05 January 2013
The Canadian telecom giant said it received no alternative offer from its private equity suitors over its record $40bn take-private. Ontario Teachers' and Providence Equity Partners were reportedly contemplating minority stakes.
1 min read · 05 January 2013
