New York City Pensions Commit $880 Million to Four Funds
The New York City Bureau of Asset Management, which manages $115 billion in assets from the city's five municipal pension funds, committed an impressive $880 million to four private equity funds, according to recent investment reports and a spokesman at the city comptroller's office. The largest of the four commitments was $300 million to Leonard Green & Partners' Green Equity Investors VI LP, a private equity fund with a $5 billion target. The Los Angeles-based consumer retail specialist is known for making investments in such high profile companies as Neiman Marcus, J. Crew, Whole Foods, Rite-Aid, Sports Authority, Petco and BJ’s Wholesale. The fund has been on a fundraising tear...
10 January 2012•4 mins read
