The $24bn pension, which has been slowly committing to private equity this year, has invited BC Partners, Meritech Capital and SFC Energy Partners in for interviews as it considers making commitments to the firms.
Strong growth among Permira’s portfolio companies has given cheer to the firm’s largest LP.
More than three-quarters of UK managers expect to exit at least half their domestic portfolio companies over the next year, a survey says.
The State Investment Council last week preliminarily approved increasing its private equity allocation, and made its first private equity-like commitment since early 2009.
Timothy Recker has taken over the chairmanship of the Institutional Limited Partners Association from outgoing chair Joncarlo Mark of CalPERS.
Under a pilot programme launched by the Shanghai government, qualified foreign limited partners will be able to commit up to 50% of one onshore fund’s capital. Beijing and Tianjin are also said to be awaiting approval for the same programme.
The selected firm will conduct an investment risk review on the Iowa Public Employees’ Retirement System’s private equity programme, among other asset classes.
The Oregon Investment Council was briefed by PCG AM executives in the wake of PCG's firing by CalPERS this week and believes the firm has provided ‘expert’ and ‘independent’ analysis.
Massachusetts’ $44bn pension has committed to GTCR, Montagu and Spark Capital recently, as well as to Insight Ventures co-investment funds.
The $13.2bn pension also is considering slightly cutting its 10% private equity allocation. The pension is concerned about performance and illiquidity.