Pennsylvania Public School Employees' Retirement System related stories
All articles and analysis
Beacon closes Fund VI on $2.5bnThe Boston-based firm has held a final close on its latest vehicle, which was originally targeting $6bn.
- Istithmar loses control of New York hotel
LEM Mezzanine, a mezzanine fund affiliated with Lubert-Adler Real Estate, bought the W Union Square Hotel from the private equity arm of Dubai World in foreclosure for a reported $2m, plus the assumption of debt.
- PSERS commits $250m to Bain credit fund
The Pennsylvania pension made its first private equity-related commitment this year, betting on a credit strategy.
- Mesa West tops fundraising target
The West coast debt shop has garnered $420m in commitments from LPs for its latest vehicle, the Mesa West Real Estate Income Fund II. It will continue fundraising until the end of the year, PERE has learnt.
- RE softens OMERS' C$8bn loss in 2008
Losses of 19.5% in public markets and 13.7% percent in private equity were partially offset by gains of a 6% gain in real estate. The Canadian pension plan, one of the country’s largest, is now valued at C$44bn, versus C$52bn at the end of last year.
- Wisconsin re-ups with Fortress to help delever fund
The Wisconsin State Investment Board has committed an additional $40m to two real estate funds to help them delever, including $10m to Fortress’ Fund III.
- PSERS pulls out of almost $1bn of planned commitments
The $45.4bn Pennsylvania Public School Employees Retirement System has joined New Jersey in withdrawing planned commitments to funds, including Beacon, Carlyle, Stockbridge and Mesa West.
- OMERS: Fair value write-downs batter private equity portfolio
The Canadian pension's negative returns of 19.5% in public markets and 13.7% in private equity were partially offset by gains of 11.5% in infrastructure and 6% in real estate. OMERS' assets are now valued at C$44bn, versus C$52bn at the end of 2007.
- Alaska cancels $650m in private equity, infrastructure commitments
The $28bn national oil fund has cancelled commitments to funds including Alinda and Pathway Capital as it tries to re-focus on ‘core’ asset classes amid continuing losses.
- PSERS cancels hundreds of millions in commitments
Cerberus, HgCapital, Apollo and Gold Hill are among the GPs to see agreed commitments evaporate as the Pennsylvania Public School Employees' Retirement System retrenches.