Private Equity
The Oregon Investment Council, which manages $81 billion in assets, committed $950 million to funds at three private equity firms, including Apollo Global Management, Lone Star Funds and The Blackstone Group, confirmed James Sinks, the council’s spokesman.
3 min read · 09 May 2013
This week, Buyouts takes a look at University of Texas Investment Management Co.’s top and bottom five performing first time fund managers. UTIMCO is invested in some 17 first time fund managers out of 267 private equity related vehicles in its active portfolio, as of February 28, 2013. Vintages span from 1988 to 2013.
3 min read · 09 May 2013
3 min read · 09 May 2013
The North Carolina Retirement Systems, which manages $78 billion in pension assets, is a step closer to increasing its overall cap on alternative investments to 40 percent from 34 percent after the state senate voted overwhelmingly in favor of such a move. So far, the North Carolina house has not yet scheduled a vote on the measure, which also would need Gov. Patrick McCrory’s signature to be put into law.
2 min read · 08 May 2013
Pantheon Ventures has become the latest firm to announce plans to manage private equity for ordinary investors, in this case through target-date retirement funds whose sponsors wish to offer exposure to the asset class.
3 min read · 07 May 2013
Is there ever a silver lining to a pay-to-play scandal? At the New Mexico State Investment Council such an episode helped pave the way for long-overdue changes, including diversifying the private equity portfolio and concentrating it in the hands of fewer managers.
5 min read · 06 May 2013
3 min read · 06 May 2013
Abbott Capital Management, a prominent funds-of-funds firm, has named Martha Cassidy as a director to focus on secondary fund sourcing and due diligence.
2 min read · 02 May 2013
2 min read · 29 April 2013
In the on-again, off-again war of attrition between South Carolina’s state treasurer, Curtis Loftis, and the rest of the South Carolina Retirement System Investment Commission, where Loftis is a voting member, a stalemate has ensued after the state’s Supreme Court dismissed a case that the commission brought to compel Loftis, who as treasurer is also the pension’s banker, to fund a capital call for a Warburg Pincus private equity fund.
3 min read · 26 April 2013
