NJ Pension sets annual pacing target for real estate investmentsPosted: 03/29/2019 |
Subscription Required New Jersey State Investment Council plans to commit between $225 million to $300 million in real estate investments this year, according to notes from its March meeting. The system is following this pacing model to achieve its target allocation of 7.25 percent. The system’s current allocation as of September was 6.83 percent, pension documents said. […] | | Read more... | |
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Kansas backs TA and Platinum EquityPosted: 03/28/2019 |
Subscription Required Kansas Public Employees Retirement System at its March meeting made $150 million in commitments to private equity and real estate funds. Board commitments include: $50 million to TA Associates’ 13th fund, targeting $7.5 billion; $50 million to Platinum Equity Capital Partners V, targeting $8 billion, according to a person with knowledge of the system. KPERS […] | | Read more... | |
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Vermont considers commitments to Siguler Guff, HarbourVestPosted: 03/26/2019 |
Subscription Required Vermont Pension Investment Committee at its March meeting reviewed potential $150 million in private equity commitments for 2019. VPIC is considering expanding its relationship with global private equity investment firm HarbourVest with a $100 million commitment to its Dover Street X fund. HarbourVest has been the only fund that VPIC has invested in since the […] | | Read more... | |
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Private Eye: Liberty Partners captive program may offer cautionary tale for CalPERSPosted: 03/26/2019 |
Subscription Required A trio of CalPERS investment-committee members this month objected to a plan to create two captive private equity funds, and the experience of sister state pension Florida State Board of Administration suggests they’re right to have concerns. Such programs don’t always work out as advertised. Under the proposed plan, approved in concept by the committee in […] | | Read more... | |
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Chicago Teachers’ commits $40 mln to emerging managers, including first-timer P4GPosted: 03/25/2019 |
Subscription Required Chicago Teachers’ Pension Fund committed $40 million to four emerging managers, adding to the number of minority-owned and women-owned firms in its PE portfolio. The $10.8 billion pension fund committed $10 million each to AUA Private Equity Partners, Estancia Capital Management, P4G Capital Associates and PiPV Capital. AUA and Estancia qualify as Hispanic-owned businesses, P4G is […] | | Read more... | |
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NYC Pensions, which has seen rise in PE performance, pledged $855 mln in Q4Posted: 03/22/2019 |
Subscription Required New York City Pension Plans committed $855 million to private equity funds in Q4 2018 and the start of 2019, backing longtime partners KKR and Warburg Pincus as well as a smaller manager and a secondaries fund. The five city pensions collectively manage $197.3 billion in assets, with a 6.5 percent aggregate allocation to PE. The […] | | Read more... | |
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Nebraska considers bet on NEA’s largest fund to datePosted: 03/22/2019 |
Subscription Required Public pensions usually don’t get access to top performing venture capital funds. But Nebraska doesn’t have that problem. Nebraska Investment Council said at its March meeting that it was considering investing in New Enterprise Associates’ flagship fund. The council, which manages $27 billion in assets across 32 investment programs, has a current relationship with NEA. In […] | | Read more... | |
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Nebraska backs Rockwood XI, which offers fee discounts for certain LPsPosted: 03/21/2019 |
Subscription Required Nebraska Investment Council at its March meeting committed $40 million to Rockwood Capital’s 11th fund. Rockwood XI invests in real estate in the U.S. and focuses on “office and other workspace, multifamily residential, retail and hotel assets.” Fund XI is targeting $1.25 billion, Nebraska board documents show. NIC previously invested in Rockwood funds. In 2012, it […] | | Read more... | |
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Minnesota forms new relationship with Arsenal, pledges $650 mln to PEPosted: 03/20/2019 |
Subscription Required Minnesota State Board of Investment at its March meeting approved $650 million in commitments to new and existing private equity funds. MSB has $4.8 billion in PE assets, which amounts to 7 percent of its portfolio, the system’s 2018 annual report shows. The board re-upped with some current managers like Blackstone Group, Advent International, Summit Partners […] | | Read more... | |
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Illinois Teachers backs Astorg, Grain, Siris and TSGPosted: 03/19/2019 |
Subscription Required Teachers’ Retirement System of Illinois committed $318 million to private equity funds spanning communications and consumer sectors. The system at its March meeting also made $500 million of pledges to real estate funds. TRS’s PE portfolio grew to $6.8 billion and makes up 13.2 percent of its equity asset class, its fiscal 2018 year-end summary shows. Board commitments […] | | Read more... | |
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