Investor Commitments

Menlo Park-based venture capital firm Longitude Capital has closed on a new biotech and life sciences fund.

The country’s largest pension system established a transition manager program for firms in between its emerging manager platform and its pool of larger established managers.

The University of Michigan has made nearly $90m in new commitments to funds from Dyal Capital Partners and Accel Partners.

The firm exceeded its $3bn target and committed 5% to the fund.

Jason MacDonald, who joined the New Jersey Division of Investment in 2007, will join his alma mater as an investment director in July.

Partners Group has launched what it describes as the first private markets fund designed for UK defined contribution pension schemes. Other firms will likely follow.

Following the opening of its second North American office in the Lone Star state, Trilantic managing partner Chris Manning tells PEI that it plans to “grow our team”.

An iCapital Network survey of registered investment advisors found 33.6% of them have offered PE investing to their high net worth individual clients.

The Teacher Retirement System of Texas’ latest investments include a $300m commitment to TPG Partners VII and a new relationship with Vista Equity Partners.

The west-coast pension fund has made its first commitment to the London-based private equity firm.