The $8.8bn pension, which will commit about $225m to private equity this year, made commitments to Black Diamond Capital Management and Strategic Value Partners.
The $70bn pension negotiated carry down to 16% on Cerberus spin-out Tenex Capital Management’s debut fund. Tenex is led by Michael Green.
The Pension Benefit Guarantee Corporation, which inherits investment assets including private equity from the pensions of bankrupt companies, has $507m in uncalled commitments.
The state pension giant, among the most active in the market with about $77bn in assets, has committed to KSL, Vestar, Lone Star, M3's Evergreen Real Estate fund and Sheridan Production Partners.
The $15.6bn Texas County & District Retirement System has committed to Centerbridge, GTCR and EnCap in the past few months.
Tulane University’s $1bn endowment, which has been committing to private equity since 1990, says the financial downturn has provided access to funds that would have been closed to the endowment pre-meltdown.
Alex Cho will lead the Seoul office and head Korean activities, which will have an emphasis on direct investment.
The Wisconsin state investment board, which manages $78bn in assets, has awarded StepStone a three year contract for private equity consulting services for $600,000 a year.
The £13bn endowment is shifting its focus away from Europe and the traditional limited partner model.
The $221bn pension published final audit numbers for fiscal 2009-2010 showing private equity gaining 23.8 percent, and real estate losing 10.7%.