The influential limited partner incurred an overall loss of 2.4 percent on its investments for the 2007-2008 fiscal year, but saw its private equity portfolio lead all allocations with a 19.6 percent return.
The US pension has made commitments to private equity and real estate funds including $79m to Charterhouse Capital’s ninth European buyout fund and $9 million to a sidecar vehicle associated with Battery Ventures’ eighth fund.
New Mexico's $13bn state pension scheme has approved $60m in commitments to three private equity funds, including Quantum’s energy exploration fund.
The long-time KKR loyalist will be the first public pension to invest in a “dedicated separate account” managed by KKR Fixed Income. The commitment dwarfs previous Oregon commitments to KKR’s buyout funds.
The US’ second largest pension fund has allocated $1bn to the growing asset class with California’s infrastructure needs to be given preference. The pension also announced its prediction that private equity will reach 15 percent of total assets by 2012.
The School Employees Retirement System of Ohio has approved commitments to two mid-market private equity fund managers.
The global financial services firm will acquire control of the India-focussed fund of funds business of San Francisco investment bank Thomas Weisel.
Allocations to the private equity and real estate asset classes are expected to rise by more than 20 percent over the next two years, a study by JP Morgan Asset Management has shown, as institutional investors reveal such strategies are no longer ‘alternative’ at all.
The quoted Swiss alternative asset manager saw its growth falter as foreign exchange and hedge fund outflows hit the increase in assets under management in its pre-close statement.
The Swiss group is opening an office in Germany, while AXA Private Equity is looking to grow its business with an office in Switzerland.