The pension, which has also doubled its allocation to private equity, cited 'disclosure issues' and no deal activity as reasons it transferred its $14.4m Brazos stake to AlpInvest.
The university’s endowment lost $5.6bn in 2009, a loss driven in part by heavy write downs in its private equity and real asset classes.
The pension, which is cutting back its private equity programme, will invest $25m in JH Whitney’s seventh fund and $15m in Advent’s fifth Latin American fund.
The UK’s PPF has sketched out a 20% allocation to alternatives, which will see the £3.9bn fund invest in private equity and infrastructure funds for the first time.
The state pension has made its fifth commitment to private equity since starting its programme last August.
Jeff Ennis has resigned from the firm. Wilshire Private Market’s parent company was taking one-third of income generated by the private equity division.
Landmark’s Fund XIV reached its goal of $1.5bn, but has not yet officially closed. The target was lowered from the fund’s initial offering of $2.4bn.
The Government Pension Investment Fund, the world’s largest pension with $1.3trn in assets, is looking for ways to boost returns.
In an upbeat results statement, the listed Permira investor SVG said it was comfortable with its cash position, but not yet ready to make new commitments.
The planned closure of a Hugo Boss plant in Ohio has a labour union urging public pensions to ‘re-evaluate’ investing with the company's owner, Permira.