As some US public pensions move to ban the use of placement agents, Mike Travaglini, the executive director of the $38bn Massachusetts PRIM, told PEO that these agents play a vital role in helping his small staff identify private equity opportunities.
The team behind the 2006 Balkan Accession Fund is marketing its successor, which may garner a €40m commitment from the EBRD.
GM is set to meet its LP obligations and has no plans to sell fund interests on the secondaries market, the head of its private equity programme told PEO.
The $50.6bn Massachusetts pension purchased the secondary stake in Denham Capital Management Commodity Partners V from Harvard.
Spreading its tentacles 2009-06-01 Staff Writer <strong>INVESTMENT OPPORTUNITIES</strong><br> <table> <tbody> <tr> <td>Secondary directs</td> <td>Yes</td> </tr> <tr>
OPEN & CLOSED 2009-06-01 Staff Writer <strong>OPEN & CLOSED</strong><br> <table> <tbody> <tr> <td>FUNDS OPENED</td> <td><br> </td> <td><br> <
The New York State Common Retirement Fund has assets valued at $110bn, down from $154bn about a year ago, due in part to a 32.6% decline in the value of its real estate portfolio.
The New York State Common Retirement Fund has assets valued at $110bn, down from $154bn about a year ago, due in part to a 23% decline in the value of its private equity investments.
The listed fund of funds has this week unloaded a total of £206m of unfunded commitments.
The $27bn US public pension has backed three private equity funds and also raised its target allocation to compensate for the denominator effect.