The $38bn public pension has approved a tactical plan that emphasises a need for geographic diversity as it moves closer to its 8 percent target allocation for private equity.
The New York Common Retirement Fund, the third largest in the US, has made public recent commitments to CVC Capital Partners’s recently closed mega-fund and Leichtman Capital Partners mid-market fund, which is targeting $1bn.
A fund led by former Standard Life executives has signed a strategic relationship with USS, a relatively recent entrant to the asset class.
Olivier Lecler has been appointed CEO of Société Générale Asset Management’s alternative investment platform.
The $13bn public pension has approved commitments to several alternative investment vehicles including Onex's $4.5bn buyout fund and Silver Point's $1bn distressed debt fund.
The private equity firm’s latest global buyout fund, targeting an estimated $20bn, now reportedly counts China’s State Administration of Foreign Exchange as a substantial investor.
The state pension has approved 11 commitments including $675m across seven private equity funds.
The US’ second largest pension fund is considering allocating $1bn to the growing asset class with California’s infrastructure needs to be given preference. The move comes as fellow pension giant CalPERS finalises its inflation-linked investment programme.
The private equity real estate firm hires former DTZ executive to capitalize on the growing secondaries and fund of funds market in Europe.
The world’s second largest sovereign fund’s recently launched capital strategies group will also invest 5 percent of its assets in private real estate deals, but private equity is ‘not part of the investment universe’.