Teacher Retirement System of Texas related stories
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On the minds of LPsInvestors are recognising that as the end of the current market cycle nears, it’s more important than ever for GPs to maintain discipline in their investments.
- Texas TRS: Hurdle is ‘sacred ground’
Teacher Retirement System of Texas, which generates some of the best private equity portfolio returns among US public pension funds, won’t invest if it thinks GPs are being greedy
- Kohlberg breaks $2bn mark with Fund VIII final close
Kohlberg Investors VIII, which launched earlier this year with a $2bn target, closed on its $2.2bn hard-cap.
- Iowa pension sets $800m for PE in 2017
The Iowa Public Employees’ Retirement System is keeping its $800m annual commitment level to private equity, which it raised from $700m in 2015.
- Lone Star’s $5.6bn fund closes 22% below predecessor
Like others in the series, the new fund, which targeted $5bn and closed earlier this week, focuses on PE control investments, corporate and consumer debt, real estate and real estate debt.
- Lone Star amasses $5.6bn
The global private equity firm continues to target distressed assets.
- Texas TRS sees highest PE returns among US pensions
Teacher Retirement System of Texas moved up one spot from last year’s AIC annual public pension fund analysis, which ranks the top performing public pensions’ PE portfolios.
- CalPERS commits nearly $1bn to PE in July
The latest monthly report from the largest US pension fund shows its commitment to two private equity funds totalling almost $1bn, while it decided to forego committing to a KKR vehicle.
- Apollo pays $52.7m in settlement with SEC
The settlement, which centres on improper fees and conflicts of interest disclosure to limited partners and supervisory failure, includes a $12.5m penalty. It comes less than a year after Blackstone settled with the SEC for similar issues.
- LP Radar - July 2016
See the latest PE LP updates, including allocation changes and people moves.