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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Louisiana Teachers’ makes big bet on European, North American real estatePosted: 03/18/2019 |
Subscription Required Teachers’ Retirement System of Louisiana at its March meeting committed $125 million in private market investments, documents from the system’s investment adviser, Hamilton Lane, show. TRSL commitments include: $75 million to Blackstone Group’s Real Estate Partners Europe VI, targeting €8 billion ($9 billion). $50 million to Rockpoint Group’s Real Estate Fund VI, targeting $3 billion. Hamilton Lane told the […] | | Read more... | |
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Wisconsin pledged $560 mln to PE in Q4Posted: 03/15/2019 |
Subscription Required Wisconsin’s state pension system committed $562 million to various private equity funds in Q4, materials from its March meeting show. A State of Wisconsin Investment Board representative told Buyouts the board does not approve private-market commitments but receives updates every quarter. Fourth-quarter commitments include: $100 million to Lindsay Goldberg V, targeting $4 billion. Lindsay Goldberg invests in […] | | Read more... | |
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Emerging Manager Roundup: Kandle, Grain, CORE, MSA and morePosted: 03/15/2019 |
Subscription Required Emerging managers raised more than $3.1 billion over the past few weeks. Four venture firms and three private equity firms raised over $100 million, one of which raised over $1 billion. That one firm was Kandle Group, which raised $1.2 billion from five commitments. James A. Davidson, co-founder of Silver Lake, is listed as Kandle’s […] | | Read more... | |
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Oregon defends paying high PE fees, commits to GenstarPosted: 03/14/2019 |
Subscription Required Oregon Treasury committed $350 million to private equity and credit investments, and its chief investment officer made the case that paying high PE fees has helped add billions to the state’s retirement fund over the years. The investment council, which manages the $74.5 billion state retirement fund and its $1.5 billion common school fund, committed […] | | Read more... | |
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NYC pension lifts EM program in PE by two-thirds to $1.5 blnPosted: 03/14/2019 |
Subscription Required New York City Retirement System added $600 million to its emerging-managers program in private equity, New York City Pension Fund and City Comptroller Scott Stringer said. The increase brings the program’s total assets to $1.5 billion. Total assets for small and emerging investment managers expanded to $8.8 billion across all asset classes, a 57 percent increase […] | | Read more... | |
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