The US insurer had dedicated $100m to support private equity and real estate firms with women and minority participation, says Allstate's head of real estate equity Edgar Alvarado.
The Carlyle Group and NewSpring Capital received commitments from the $24bn Pennsylvania retirement system at its 2 May board meeting.
The CIOs of two of the world's biggest private equity investors, CalPERS and CalSTRS, tell PEI why they're worried about the growing number of managers going public.
The $126bn pension system wants to deploy $2.5bn for private equity over the next three years, part of its overall goal of committing $6bn to alternative investments in the same time period.
The US state's $15bn endowment has approved a $75m re-up to Coller International Partners VI, as well as $50m to Sankaty Advisors’ fifth debt fund.
To compete with private sector pay, public institutions may have to focus on hiring people who buy into the organisation's social purpose, according to CalPERS CIO Joe Dear.
Among the commitments was a $100m allocation to Trilantic Capital Partner, which has hit the market for the first time since spinning out of Lehman Brothers.
Credit Suisse has published its first quarter report showing that limited partners have been working to build exposure to emerging markets and infrastructure funds.
Bain Capital’s credit affiliate picked up a pair of commitments for Fund V last week, targeting $3.5bn for investments in the US and Europe.
Sun Mountain Capital has agreed to new transparency requirements in response to a minor controversy surrounding its investment in Growstone through the state’s co-investment programme.