Matt Levin

The $147bn pension has responded to the denominator effect by increasing the amount it is allowed to invest in private equity to 15% of total assets. CalSTRS has similarly bumped its real estate allocation.

The San Francisco-based firm, which targets mid-market software and tech companies, has already invested $757m in four portfolio companies.

The private equity giant, heavily active in Southeast Asia’s financial services sector, has purchased bonds and warrants in Kuala Lumpur-based bank CIMB Group. TPG-affiliate Northstar has also agreed a $1.3bn stake in Indonesian coal mining company Bumi Resources.

The firm, which focuses on Central and Eastern Europe, was formed last year by former Advent director George Swirski and former Copernicus Capital managing partner Neil Milne.

The Munich-based corporate finance boutique has established DC Placement Advisors as a wholly owned subsidiary specialising in private equity, infrastructure and funds of funds. The unit had operated within Dohr since 2004.

The $38.3bn pension has committed $50m apiece to Blackstone, GI Partners and Edgewater. The fund also said it is cooperating in a federal investigation into an alleged kickback scheme.

Jay Fewel, OPERF senior investment officer, said over-allocation and the burden of re-upping with existing GPs will leave little money for any group that doesn’t already have an established relationship with the $54.4bn pension.

SS&C Technologies, which develops financial management software for hedge funds and institutional investors, filed for a NASDAQ float last year. Carlyle acquired the company in a $941m take-private in 2005.

The early stage venture firm has raised its first fund since spinning out of TD Bank last year, surpassing its original target of $200m. The fund is targeting between 20 and 25 companies for its portfolio.

The private equity arm of Franklin Templeton will target high growth, mid-sized unlisted companies.