Fundraising

CalPERS CIO Joe Dear back to work full time

Joe Dear, the chief investment officer of the California Public Employees’ Retirement System who was sidelined earlier this year after being diagnosed with prostate cancer, has returned to work, a CalPERS spokesperson told sister publication peHUB.

Strategic Value Partners collects $322 mln for first close

Strategic Value Partners has held a first close on $322 million for its third fund, which has been targeting $1 billion, according to a person familiar with the situation, sister news service peHUB reported.

Pennsylvania State Employee's Retirement System CIO resigns

The chief investment officer of the Pennsylvania State Employees’ Retirement System, one of the oldest and most prolific public system limited partners in the private equity industry, has resigned effective Dec. 31, sister news service peHUB reported.

Pennsylvania Public Schools closes year with over $600 mln in commitments

The Pennsylvania Public School Employees’ Retirement System is closing out 2013 in a big way, committing more than $625 million to alternative investment managers, sister news service peHUB reported.

Odyssey to hit $2 bln hard cap on first close

Odyssey Investment Partners, a middle market-focused firm, has essentially hit its $2 billion hard cap for its fifth fund, according to documents from the Pennsylvania Public School Employees’ Retirement System, sister news service peHUB reported.

House approves cutting back private equity oversight

Legislation to exempt most private equity firms from the registration requirement has taken a step forward. But the end is not in sight.

TCV gets $150 mln from Washington State

Technology Crossover Ventures, which has been raising its eighth fund since last year, scored a commitment of up to $150 million from the Washington State Investment Board, sister news service peHUB reported.

MassPRIM makes big pledges to GTCR and American Securities

The Massachusetts Pension Reserves Investment Management Board has committed $280 million to GTCR and American Securities, sister news service peHUB reported.

PSP sells $1.5bn portfolio on secondary market

PSP Investments, one of Canada’s largest pension investment managers, sold a roughly $1.5 billion portfolio of private equity holdings around the end of the third quarter, according to three people with knowledge of the deal, sister publication peHUB reported.

Littlejohn talks to LPs about $1.5 bln Fund V

Littlejohn & Company is out talking to limited partners about launching its fifth fund with a potential target of $1.5 billion, according to a person who has heard the fundraising pitch, sister news service peHUB reported.