Pennsylvania Public School Employees' Retirement System related stories
All articles and analysis
Milestone closes Fund III on $230mThe Pennsylvania-based private equity firm has exceeded its $200m target, having garnered commitments from returning investors as well as new institutional limited partners.
- LPs gear up for Lehman asset sell-off
LPs in Lehman's private equity funds have retained Kirkland & Ellis and private equity advisor StepStone to guide them through the auction of Lehman's venture and private equity funds. The bank hopes to close deals in the first quarter of 2009.
- Morgan Stanley RE hires former Lehman pro
Naresh Naik, former head of asset management for Lehman Brothers in India, joins the private equity real estate unit of Morgan Stanley as an executive director and head of asset management in its Mumbai office.
- Platinum closes second buyout fund on $2.75bn
The Tom Gores-led buyout shop has exceeded its target of $1.5bn, and has already invested the fund in at least four deals.
- Pennsylvania commits $250m to First Reserve
The Pennsylvania Public School Employees’ Retirement System has also approved €150m for Nordic Capital's latest buyout vehicle.
- Evergreen Pacific hits hardcap at $425m for Fund II
The Pacific Northwest buyout firm, whose founders spun out of Seattle mid-market firm Northwest Capital Appreciation, exceeded its $400m target in less than two months.
- Pennsylvania pension commits $150m
The $34bn Pennsylvania State Employees’ Retirement System commits to six private equity debt and technology funds, as it reveals investments are down 4 percent in the first quarter of 2008.
- Baring Asia raises $1.5bn
Jean Eric Salata, the Asian firm’s chief executive, said investor demand had been particularly strong because of its low-leverage growth focus.
- Pennsylvania commits $1.9bn to private equity
The Public School Employees' Retirement System committed to Sankaty’s $5bn distressed debt fund, Morgan Stanley’s $10bn real estate fund and Avenue Capital’s €5bn European distressed investment fund, among others.
- Three US pensions approve nearly $2bn in commitments
Despite the slowed LBO market, US pension funds’ private equity appetites are as voracious as ever. Megafunds, mid-market specialists, distressed vehicles, and European and Asia-focussed funds are among the latest recipients of fund commitments.