Private Equity
Barry Miller, who has been head of private equity for the New York City Retirement Systems, has decided to join Landmark Partners, a secondary firm to which the pension recently made a sizeable commitment. The timing of Miller’s move raises questions about whether the city, and pensions generally, should have stricter rules governing employees who wish to leave for money managers.
4 min read · 23 May 2013
The departure of Barry Miller as head of private equity for the New York City Retirement Systems sharpens the speculation about who will manage the city’s Bureau of Asset Management once a new comptroller is elected in November.
2 min read · 23 May 2013
Solamere Capital, the private equity fund-of-funds and co-investment firm co-founded by Mitt Romney’s eldest son, Taggart Romney, has begun raising its second vehicle, Solamere Capital Fund II LP, according to a government filing. The filing indicates that the new fund carries a $250 million target.
2 min read · 21 May 2013
Zachary Doehla, who headed up private equity investing at the $40 billion Illinois Teachers’ Retirement System, decided to leave the pension in early May, according to spokesman David Urbanek. Doehla, whose official title was “Senior Investment Officer—Alternatives and Co-Investments,” reported to R. Stanley Rupnik, the pension’s chief investment officer.
1 min read · 21 May 2013
2 min read · 20 May 2013
2 min read · 20 May 2013
Besides the investment bankers, the law firms and placement agents that form the ranks of firms that provide services to private equity investors, the closest outside relationship an institutional investor usually has is with its adviser or consultant.
2 min read · 20 May 2013
Two of the Empire State’s biggest pension systems, the $160 billion New York State Common Retirement Fund and the $95 billion New York State Teachers Retirement System, have laid out goals to expand their in-house private equity teams.
2 min read · 17 May 2013
Pantheon Ventures has become the latest firm to announce plans to manage private equity for retail investors, in this case through target-date retirement funds whose sponsors wish to offer exposure to the asset class.
4 min read · 14 May 2013
Two of the nation’s largest university endowments saw executive-level changes in the last week, including the surprise decision by Cari Lodge, the director of alternative investments at Tulane University, to join Commonfund, Lodge confirmed in an e-mail message. Lodge joined Tulane only in June 2012. It is not known when Lodge will assume her new duties at Commonfund, nor who will replace her at Tulane. Calls to both Tulane and Commonfund were not returned.
1 min read · 09 May 2013
