Guy Hands-led Terra Firma has held exploratory talks with two sovereign wealth funds over the possibility of managing capital on a segregated account basis.
NGP’s tenth fund continues to generate support from LPs after the firm scrapped its original proposal for a water resources, food and agriculture fund.
LPs are becoming increasingly vocal about the development of environmental and social governance programmes, and a recent BVCA report indicates that fund managers are listening.
The $17.7bn Texas County & District Retirement System has been active, including making a commitment to Khosla Ventures, a coup for a smaller system that would not traditionally have had access to a top-tier venture manager.
After being unable to allocate its full $100m commitment to Southern Cross’s most recent Latin American fund, the $78bn retirement system increased its exposure to the fund through the secondary market.
Altius Associates will replace Strategic Investment Solutions as private equity consultant for the Kentucky Retirement Systems, which has been burdened with pay-to-play investigations this year.
The $78bn retirement system allocated around $550m to two private equity funds, including forming a new relationship with emerging markets giant Actis.
UK-headquartered private equity firm Cinven is nearing a first close for its latest fund, likely to be on about €2.5bn - half the target amount for the vehicle.
Two public pensions systems in Oregon and Illinois are sticking with TorreyCove Capital Partners, which spun out from PCG Asset Management this month with the backing of Mitsubishi Corporation.
The pension system re-bids the private equity consulting contract every five years. The contract is held by Pension Consulting Alliance until June 2012.