The University of Michigan Board of Regents re-upped $50 million to a new fund-of-funds managed by Kuramo Capital Management in April, according to an alternative investment disclosure included in the endowment’s June 18 meeting materials.
2 min read · 17 June 2015
LNK Partners is marketing its third flagship fund with a $460 million target, a modest increase from its previous fund, according to a Form D filed June 16.
1 min read · 16 June 2015
3 min read · 16 June 2015
4 min read · 15 June 2015
3 min read · 15 June 2015
The Nebraska Investment Council plans to increase the average size of its commitments so that it can concentrate its portfolio around a smaller group of managers, said the state’s newly appointed investment officer, Michael Walden-Newman.
3 min read · 15 June 2015
In an effort to better understand the cost of its private equity program, the California Public Employees’ Retirement System plans to launch an internal accounting system in July to track performance and management fees it pays to managers of its $28.9 billion private equity portfolio, according to retirement system documents and statements from pension officials.
3 min read · 15 June 2015
The New Jersey State Investment Council will consider new policies to protect its private equity program from certain investments after a JLL Partners fund commitment exposed the state’s $77 billion pension to a payday lender, a practice that is illegal in New Jersey.
4 min read · 15 June 2015
The Pennsylvania Public School Employees’ Retirement System (PSERS) committed up to $500 million to Cerberus Capital Management at its June 11 meeting, including up to $300 million for a separate account that will invest alongside the firm’s middle-market lending platform.
2 min read · 12 June 2015
Ascendent Capital Partners is back on the market targeting $600 million for its second flagship fund, according to a June 11 SEC filing.
1 min read · 12 June 2015
