NYS Teachers committed $646 mln to PE in Q4Posted: 02/05/2019 |
Subscription Required New York State Teachers’ Retirement System committed $646 million to six private equity funds in Q4. The $119.9 billion system has an 8 percent target allocation to PE, and the recent commitments included a mix of different geographic and strategic focuses. From Oct. 1 through year-end NYS Teachers’ committed: $200 million to TSG8, which closed […] | | Read more... | |
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NYS Common closed 2018 strong, pledged total $6.3 bln to PEPosted: 02/05/2019 |
Subscription Required New York State Common Retirement Fund committed more than $1.1 billion to private equity funds in December, bringing its total 2018 commitment to the asset class up to $6.3 billion. The $207 billion pension fund committed: $400 million to Brookfield Asset Management’s Brookfield Capital V fund, which has a target size of $8.5 to $9 […] | | Read more... | |
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Texas Teachers works to smooth path for emerging managers into core portfolioPosted: 02/04/2019 |
Subscription Required As Teacher Retirement System of Texas gears up for its 13th annual emerging-manager conference, it is expanding its own program to smooth the transition for young managers into its core private equity portfolio. The system, a pioneer in EM programs, will inject $1 billion into what it calls its Emerging Manager Select program. Texas Teachers […] | | Read more... | |
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Oregon plans cost-saving co-investments, ~$3 bln in PE commitmentsPosted: 02/04/2019 |
Subscription Required Oregon Investment Council approved a private equity pacing target of $2.5 billion to $3.5 billion for 2019 and plans to use co-investment to reduce fees in its PE portfolio. Oregon’s 22.1 percent PE allocation is already over its 17.5 percent target, but the pension plans to maintain the same pacing target as last year, with […] | | Read more... | |
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UC Regents anchors ex-Carlyle exec’s debut fundPosted: 02/01/2019 |
Subscription Required Further Global, launched by Carlyle Group’s former financial-services chief, early in its debut fundraising got a big vote of confidence from a well-known endowment. University of California’s endowment pledged $200 million to Further Global’s debut fund, targeting $1.25 billion for investments in financial services. The ex-Carlyle financial services executive Olivier Sarkozy left the megashop in 2016 and […] | | Read more... | |
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Emerging Manager Roundup: Riverwood, LKCM, Tritium, Owl and morePosted: 02/01/2019 |
Subscription Required Emerging managers continue a strong 2019 with more than $3.9 billion in fundraising the past few weeks. Seven private equity firms and two venture capital firms raised over $100 million. One PE firm crossed the billion-dollar threshold. Riverwood Capital raised over $1 billion for its third flagship. LKCM Headwater of Texas raised the second highest total […] | | Read more... | |
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PE, VC helped bigger endowments generate better returns in 2018: studyPosted: 02/01/2019 |
Subscription Required Private equity and venture capital helped bolster returns for U.S. colleges and universities, even as returns for their endowments fell by almost 33 percent in 2018. While the 10-year average returns increased by 1.2 percentage points to 5.8 percent in 2018, endowments still fell short of their target of 7.2 percent, raising concern about their […] | | Read more... | |
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CalSTRS board wants to see more co-invest data prior to PE-staff increasePosted: 02/01/2019 |
Subscription Required California State Teachers’ Retirement System is considering a staff recommendation to increase its private equity staff by 60 percent, but board members say they want more data on performance and savings before going forward. CalSTRS PE head Margot Wirth wants to increase the PE staff to 40 from about 25 to help the pension pursue […] | | Read more... | |
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Johns Hopkins endowment shopped a PE portfolio in ’18Posted: 01/30/2019 |
Subscription Required Johns Hopkins’s endowment fund was shopping a portfolio of private equity fund stakes after a new chief investment officer took over the program, three sources told Buyouts. The portfolio, valued at up to $500 million, was on the market last year, sources said. It’s not clear whether the portfolio traded or the endowment pulled it […] | | Read more... | |
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Pearl Fund, non-real-estate opportunity zone fund, joins fundraising frayPosted: 01/29/2019 |
Subscription Required Pearl Fund, a venture capital-focused opportunity zone fund, is targeting $50 million to invest in early-stage companies. The fund will focus on technology in opportunity zones in New York, northeast Pennsylvania and northern New Jersey. Brian Phillips, promoter of Pearl Fund, is a serial early tech entrepreneur. He founded Information Technologies Group and sold it […] | | Read more... | |
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