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Los Angeles City Employees’ Retirement System at its May meeting reported $200 million in private equity and venture capital commitments, making progress on a planned pacing increase for 2019. The commitments put LACERS on track to meeting a 2019 pacing target of $550 million to $575 million. LACERS hired a new PE consultant, TorreyCove Capital Partners, […]

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When Christopher Zook, chairman and CIO of CAZ Investments, recently told Active LPs his firm was betting on Uber stock after its disappointing IPO, he was highlighting one of CAZ’s most prominent themes: transportation. “We love the space,” Zook told Active LPs. “We believe the transport revolution, with rideshare being the most actionable, is a generational […]

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Minnesota State Board of Investment at its May 30 meeting approved $852 million to private equity and credit funds spanning the technology and healthcare sectors, its website shows. Board commitments included: $150 million to Apax Partners’ Fund X, targeting $10 billion. Apax’s latest flagship focuses on telecom, global technology, services, healthcare and consumer; €135 million ($151 […]

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Rhode Island State Investment Commission at its May 29 meeting approved $75 million in private equity commitments spanning the healthcare and technology sectors, the system’s director of communications, Evan England, told Active LPs. The commission pledged $30 million to Clearlake Capital Group’s Opportunities Fund II, targeting $1 billion. The fund will focus on middle-market companies […]

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The Family Office Association appears to be going forward with an event headlined by self-help guru Tony Robbins, despite a series of Buzzfeed stories saying former fans and employees alleged verbal abuse and sexual harassment. The event, also sponsored by Dibico Construction, is scheduled for Aug. 13-14 in Santa Monica, California. Peter Mallouk, owner and chief executive of Creative Planning […]

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Alameda County Employees’ Retirement Association backed Great Hill Partners’ latest flagship, the minutes of the pension’s May 15 meeting show. ACERA approved a $60 million commitment to Great Hill Equity Partners VII, which focuses on expanding, recapitalizing or acquiring mid-market growth companies. It targets sectors like business and consumer services, healthcare, media, communications and software. […]

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Halpern Real Estate Ventures last month closed on almost $30 million to its first opportunity zone fund. Its investors include a major institutional investor, two multibillion-dollar family offices and several other high-net-worth and ultra-high-net-worth investors, the company told Active LPs. “We’re very proud of our first close,” said Jon Halpern, HREV’s founder, managing partner and […]

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Alaska Permanent Fund Corp plans to commit $1.6 billion to private equity funds in fiscal 2020, although it has room to invest more if it goes through with secondary sales or sees opportunities that are too good to pass up. The $1.6 billion pacing target is the same level that the $65 billion fund set for […]

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New Mexico Educational Retirement Board pledged $280 million to private equity funds at its May 23 board meeting. The Investment Committee committed: $50 million to Ecosystem Investment Partners’ fourth fund, which focuses on ecological restoration and conservation. New Mexico previously committed to its previous funds; $35 million to SV Health Investors’ SV7 Growth Fund and […]

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Michael Dal Bello, a Pritzker Private Capital investment partner focused on healthcare, sees further growth for portfolio company PathGroup, which in May acquired Dallas-based Pathologists Bio-Medical Laboratories. “We’ve got a couple new things that we’re working on as we speak,” Dal Bello told Active LPs. “As long as it’s a good cultural fit and we’re all aligned, we would like […]