Private Equity
The State of Wisconsin Investment Board plans to recruit a professional to add to its five-person private equity team to pursue an in-house co-investment program of up to $100 million a year for the $90 billion state retirement system.
3 min read · 03 July 2013
With the Los Angeles City Employees Retirement System chalking up its largest cash distributions since it started investing in private equity funds in 1995, the pension fund plans to increase its commitment pace to buyout firms in 2013.
4 min read · 01 July 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
Everywhere one turns these days, limited partners seem to be talking about zombie funds and the risk they pose to their portfolios. Why do the walking dead haunt us so much now?
4 min read · 20 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
The New York City Retirement Systems, the $127 billion group of municipal pensions overseen by the city comptroller’s office, made an impressive $1.1 billion in commitments to five private equity funds in the first quarter, according to Stephanie Hoo, a senior press officer. The funds are managed by The Carlyle Group, Platinum Equity, Landmark Partners, Neuberger Berman and ACON Investments.
3 min read · 09 April 2013
Are you an emerging manager? You may want to call yourself something else.
4 min read · 05 February 2013
The $150 billion New York State Common Retirement Fund, one of the nation’s biggest emerging manager investors, has created a special $250 million separate account for private equity co-investments alongside such managers, according to a senior official at the fund.
2 min read · 07 January 2013
Watch a panel of LPs discuss the strategies they use to identify promising emerging managers, from our June 2012 conference.
1 min read · 24 October 2012
Trying to counter claims aired at a recent state Senate hearing that the $243 billion California Public Employees’ Retirement System was reducing its long-time commitment to emerging managers, Joe Dear, the system’s chief investment officer, has written a forceful letter to the hearing’s chairman, Sen. Curren Price Jr., saying that he was “troubled by testimony that questioned our commitment and intentions” on emerging managers.
4 min read · 04 October 2012
