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LP Radar – November 2015

See the latest PE LP updates, including allocation changes and people moves.

30 November

Austria Wirtschaftsservice (AWS) is planning to commit to one venture capital fund in 2016.

 

27 November

Massachusetts Housing Finance Agency is seeking proposals from experienced private equity fund of funds managers. The institution plans to commit between $5 million and $10 million. Prospective GPs must have over $1 billion in total equity capital invested.

Nevada System of Higher Education will discuss issuing a request for proposals for an outsourced chief investment officer at its meeting next week. If the investment staff decides to move forward with the process, the RFP will be issued in December.

 

26 November

Japan Post Bank will set up a new division to look for opportunities in private equity investments in December 2015.

University of Michigan has committed a total of $45 million to TA XII and TA Subordinated Debt Fund IV and a total of $30 million to Flexpoint Fund III and Flexpoint Special Assets Fund.

 

25 November

At its board of trustees meeting, Arizona Public Safety Personnel Retirement System disclosed a potential $50 million investment in TSG7, a fund managed by TSG Consumer Partners, subject to final staff and legal due diligence.

Texas County and District Retirement System, based in Austin, has committed $64 million to TSG7 A and $16 million to TSG7 B according to the pension fund's website. The funds are managed by TSG Consumer Partners. Both commitments were finalized last week.

 

24 November

Ohio Public Employees Retirement System has committed $189 million to Montagu V and $67 million to Montagu V East Town Co-Invest.

 

23 November

Ohio Police & Fire Pension Fund has committed up to $50 million to Advent Global Private Equity VIII.

 

13 November

Sunsuper  has named Ian Patrick as chief investment officer.

California Public Employees' Retirement System has committed $1 billion to CVC Strategic Opportunities. The partnership was initially funded in September and revealed in a monthly update for November board meeting.

 

12 November  

In Q3, New York State Common Retirement Fund committed $87 million to Clearlake Capital Partners IV and $400 million to Apollo Natural Resources II.

 

10 November

In October, Teacher Retirement System of Texas committed to two American mid/small buyout vehicles: $20 million to Trive Capital Fund II and $40 million to Dominus Capital Partners II.

Tanya Carmichael, Director at Ontario Teachers' Pension Plan , was named by Institutional Limited Partners Association as the Chair of its Board of Directors.

 

9 November

Los Angeles City Employees' Retirement System has committed $10 million to Angeles Equity Partners I according to the Board of Administration agenda for their tomorrow's meeting.

In October, Oklahoma City Employee Retirement System committed $10 million to Warburg Pincus Private Equity XII.

 

6 November

New York State Common Retirement Fund has approved a $400 million commitment to RRJ Capital Fund III.

 

5 November

In October KfW Bankengruppe committed to Heureka II via its promotional instrument ERP Venture Capital Fund Investments. The fund, managed by Acton Capital Partners, is focused on growth companies in the consumer internet sector.

A decision on a new general investment consultant for the Texas Municipal Retirement System (TMRS) is expected in December according to the most recently published meeting minutes. The RFP was sent to seven firms and is posted on the TMRS website.

 

4 November

The board members of the Woburn Retirement System are seeking requests for proposal from buyout private equity fund of funds investment managers for as much as $3 million of the system's total portfolio.

In October, the board Texas Municipal Retirement System  approved $50 million each for investments into three buyout funds: Searchlight Capital II, Harvest Partners VII and Tritium I, pending successful contract negotiations.

 

3 November  

Commonfund   has appointed Mark Anson its new chief investment officer.

 

 

2 November


New York State Teachers' Retirement System approved a commitment of up to $200 million to TSG7, managed by TSG Consumer Partners, split approximately $160 million to TSG7-A and $40 million to TSG7-B, on October 1. The investment is expected to be finalized on November 18.

Florida State Board of Administration committed $150 million to Ardian Secondary Fund VII, $125 million to TrueBridge Kauffman Fellow Endowment Fund IV and $50 million each to Accel-KKR Capital Partners V and American Industrial Partners Capital Fund VI in Q3 2015.

 

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