Following a $20m commitment from the Nebraska Investment Council, the technology-focused fund, targeting $700m, will likely close before May.
Denham Capital has surpassed its $2.5bn target for its latest fund, raising $3bn in just eight months for its sixth energy-focused vehicle.
The more than 200-year-old organisation has hired Cambridge Associates as an outsourced CIO to help with due diligence of managers, selection of managers and portfolio rebalancing.
Among the $12.3bn pension’s four commitments was a $30m allocation to Coller Capital’s $5bn sixth fund, which is expected to hold a final close soon.
The $80.4bn pension system has committed up to $1.05bn to funds targeting opportunities in Asia, Europe and distressed debt.
The Virginia Retirement System engaged the secondary market as a buyer for the first time in 2011, purchasing three commitments for $100m.
For SVG Capital, distributions outweighed capital calls last year for the first time since 2008, as buyout firm Permira delivered strong returns on its investments.
The pension system, with $144.8bn in assets, is altering its private equity investment policy to allow for investments in separately managed accounts, a model that appears to be gaining popularity among large institutions.
KPERS carved out a separate private equity allocation in 2007 and has been slowly working to build exposure to the asset class. At a time when many other US public pensions are trimming back their portfolios, Kansas has room to grow.
A NACUBO-Commonfund study finds that alternative strategies averaged 14.1% returns for US colleges and universities in FY 2011.