Private Equity
Among the seven nations with the world’s largest pools of pension assets, alternatives such as private equity accounted for 19 percent of allocations in 2012, according to recent study of global pensions from Towers Watson, the financial consultancy. In the United States, alternative assets accounted for an even higher portion of assets—20 percent. That represents a huge increase in alternatives overall, which accounted for just 5 percent of all pension assets—globally and in the U.S.—as recently as 1995, according to the firm.
2 min read · 05 February 2013
Commonfund Capital, the for-profit alternative investment unit of Commonfund, a non-profit Wilton, Conn.-based investment manager that serves foundations, pensions and other institutional investors, has hired Tim Yates and David Jansen to senior positions, according to Keith Luke, a managing director at the firm.
2 min read · 31 January 2013
The San Francisco Employees’ Retirement System, which oversees $16 billion in pension assets, named Art Wang as its new managing director of private markets to oversee investments in private equity, real estate and real assets.
2 min read · 30 January 2013
4 min read · 30 January 2013
The giant Texas Teachers’ Retirement System committed more than $1.1 billion to private equity across seven investments in the fourth quarter, with some pledges going to long-time partners and some to new relationships.
4 min read · 30 January 2013
Beverly Hills, Calif.-based Levine Leichtman Capital Partners is back in the market with its newest flagship fund, Levine Leichtman Capital Partners V LP, which is reportedly targeting $1.5 billion. The mid-market firm is known for making investments in such firms as the Jon Douglas Real Estate Group and Quizno’s, the sandwich franchisor.
2 min read · 30 January 2013
European focused vehicles make up half of this week’s scorecard, which takes a look at the $251 billion California Public Employees’ Retirement System’s top ten investments in first-time buyout funds. Schroder Ventures’s spin-out Permira takes the top spot with its maiden independent vehicle, Permira Europe I, raised in 1997, which posted an IRR of 74.5 percent and investment multiple of 2.6x, according to CalPERS private equity investment performance figures as of June 30, 2012.
3 min read · 30 January 2013
3 min read · 28 January 2013
So just how friendly a reception will fund managers expected to come back to market this year get from Washington State Investment Board?
4 min read · 28 January 2013
With the appointment this month of Michael Bailey as chief of private equity at the $51 billion Massachusetts Pension Reserves Investment Management Board, most of the top-level vacancies for CIOs and private equity officers at the nation’s biggest pension funds have been filled. How long they’ll stay filled is the big question.
5 min read · 23 January 2013
