The New York State Common Retirement Fund has for the first time backed female-founded Asia Alternatives as well as African American-led GenNx360 Capital. The pension estimates a 20% loss since April.
The $16bn pension has invested more than $100m to three private equity funds, including Charterhouse’s latest European buyout fund, which has reportedly held a first close on €3.6bn.
As private equity firms await a decline in valuations to deploy dry powder, GPs and LPs alike are looking at whether there is ample liquidity to meet capital calls.
A tougher fundraising environment has increased the need for placement agents, who will turn down mandates they consider too challenging in the current environment, says the CEO of Paris-based Global Private Equity.
The world's largest owner of infrastructure assets will now raise third-party capital to back infrastructure GPs around the globe.
The public pension has committed to Carlyle’s fourth Asian growth fund, Welsh Carson’s 11th buyout fund, First Reserve’s 12th energy fund and Clessidra's second Italy-focused fund. Together these four funds are targeting more than $22bn.
The head of alternative assets for UK pension Universities Superannuation Scheme says portfolio write-downs coupled with the denominator effect have made fundraising tough. Yet many GPs saw this coming, and raised plenty of dry powder ahead of the storm, he says.
A report commissioned by the Kentucky governor’s office has concluded that the Kentucky Retirement Systems' and the Kentucky Teachers’ Retirement System’s ‘opportunity cost’ for below-average performance amounted to $5bn.
The Alaska Permanent Fund has brought on former Microsoft executive Jeffrey Scott to manage the $30bn state investment fund.
The chairman of Paris-based fund of funds and secondaries firm Fondinvest Capital says even 'post-crisis', the financing for large private equity deals will never be the same again. He also predicts LPs will invest in smaller amounts and sell interests in old funds.