District of Columbia Retirement Board committed $30 million each to Accel-KKR Capital Partners V and Summit Partners Growth Equity Fund IX last week.
Florida State Board of Administration invested over $1 billion into private equity and strategic investments last quarter, including a $180 million commitment to Blackstone Capital Partners VIII and $200 million to Oaktree Opportunities Fund Xb.
Florida State Board of Administration is looking to employ a Portfolio Manager for its Strategic Investment and Private Equity department. The candidate would be responsible for sourcing, conducting due dilligence and monitoring managers and funds for the alternative investments program.
New Mexico State Investment Council plans to invest $750 million into private equity by the end of the 2015 fiscal year in accordance with its 10% interim target for the asset class. Following this period, commitments of between $550 million and $650 million annually will help to reach the 12% target allocation.
According to recent news from Argentum Asset Management, the institution made five new investments into the primary market, 14 secondary investments and one co-investment during 2014.
Earlier this week, New Jersey Division of Investments committed $200 million to American Industrial Partners VI, $50 million to Excellere Fund III and $300 million to GoldenTree Distressed Separate Account.
At a meeting yesterday, Pennsylvania State Employees' Retirement System approved new investments of $215 million: ADV Opportunities Fund I, Clearlake Capital Partners IV, H.I.G. Brazil and Latin America Fund, Lightspeed India Partners and Sterling Group Partners IV.
School Employees' Retirement System of Ohio has committed €50 million to BlueBay Direct Lending Fund II and €30 million to Babson Capital Global Special Situations Credit 2.
According to the 2015 Investment Plan, MassPRIM has to commit $713 million to Private Equity and $325 million to Alternative Fixed Income by the end of the year. The most recent investments made in H1 include Charterhouse Capital Partners X and Quantum Parallel Partners VI for private equity and CVI Credit Value Fund III for fixed income.
Public School and Education Employee Retirement Systems of Missouri has selected Anita Brand to be the firm's new Chief Financial Officer. She has been promoted from the position of Director of Investment Accounting and Financial Reporting.
Last week, University of Michigan committed $50 million to Visium Healthcare Partners, $25 million to Silversmith Capital Partners I and €35 million to RiverRock European Opportunity Fund II.
Since the beginning of the year, Finnish Industry Investment has committed €5 million to Life Sciences Partners V and €10 million to EQT VII.
LACERA's Board approved a $100 million commitment to Excellere Fund III. The investment brings the total value of the firm's private equity portfolio for 2015 to $872 million.
Oklahoma Police Pension and Retirement System has committed $7.5 million to CenterOak Partners I, a lower middle-market buyout fund.
According to the recently released meeting minutes, the South Dakota Investment Council committed $100 million to Blackstone Capital Partners VII through its Retirement System subsidiary and a further undisclosed amount via other trust funds it manages.
Asahi Mutual Life Insurance Company revealed that it still has no plans to invest in private equity in the near future due to liquidity reasons.
Texas County and District Retirement System has committed $30 million to Axxon Brazil Private Equity III.
Korea Investment Corporation wants to increase its allocation to alternative assets from eight percent to 15 percent by the end of 2015 and eventually to 20 percent within the next five years.
The Ohio Police & Fire Pension Fund has committed up to $40 million to RRJ Capital Master Fund III.
El Paso City Employees’ Pension Fund has committed $25 million to Portfolio Advisors Private Equity Fund VIII.
City of Ann Arbor Employees' Retirement System has committed $21 million to Ironsides Partnership Fund III and Ironsides Co-Investment Fund III, in a 50/50 split.
New Mexico State Investment Council has committed $75 million each to Coller International Partners VII and EQT VII. The institution has also approved an increase for its PE target allocation from 10% to 12%.
Hartford Healthcare Corporation committed $13 million to Avalon Ventures XI last week and is considering an investment in a special situations vehicle by mid-July.
Oklahoma State Regents for Higher Education has committed a total of $16 million to three funds: Genstar Capital Partner VII, OrbiMed Private Investments VI and Avalon Ventures XI.
To view last month's LP Radar, click here.