The Office of the New York City Comptroller and trustees of the city retirement system expanded the $165.5 billion pension’s private equity emerging manager program by $500 million on Tuesday, August 4.
2 min read · 05 August 2015
New York State Teachers’ Retirement System private equity chief John Virtanen stepped down from his role at the $105 billion pension on July 29, spokesman John Cardillo told Buyouts.
1 min read · 04 August 2015
The San Mateo County Employees’ Retirement Association estimates it paid more than $5.6 million in fees to private equity managers during the 2014-2015 fiscal year ending on June 30, according to retirement system documents.
2 min read · 04 August 2015
ZM Capital, the private equity firm led by former 20th Century Fox president and BMG Entertainment chief Strauss Zelnick, is poised to close its second flagship fund on $400 million, two sources told Buyouts.
2 min read · 03 August 2015
The Fire & Police Pension Association of Colorado at its meeting last week committed $45 million across three private debt and venture capital funds, Chief Investment Officer Scott Simon told Buyouts.
2 min read · 03 August 2015
New Mexico State Investment Council this Tuesday approved an investment plan calling for up to $650 million in PE commitments during its 2016 fiscal year despite concerns raised about the asset class by council member Tom Clifford, spokesman Charles Wollmann said.
2 min read · 30 July 2015
The New York State Teachers’ Retirement System saw three commitments to oversubscribed funds slashed by $5 million or more during the second quarter, according to an investment report included in its July 29 meeting materials.
2 min read · 28 July 2015
The SEC’s exposure of questionable practices by private equity firms has damaged the industry’s reputation among public pensions, said panelists speaking this month at Pension Bridge’s Chicago conference. And that promises to have repercussions.
3 min read · 28 July 2015
The New Jersey Division of Investment is continuing effort to reduce costs and boost returns through separate accounts with the formation of a new vehicle designed to invest in distressed assets.
3 min read · 27 July 2015
The Massachusetts Pension Reserves Investment Management Board (MassPRIM) has allocated almost $1 billion to private equity and venture capital funds through the first six months of 2015, according to state documents, suggesting it has roughly $700 million left for fresh commitments this year if it adheres to its expected commitment pace.
2 min read · 27 July 2015
