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Ohio Police & Fire Pension Fund plans to deploy $120 million to private equity this year, a 25 percent decrease from its pace last year, the pension said at its January meeting. The commitments would help sustain the pension’s private market program at or near its 8 percent target allocation, which it has reached, according to […]

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Eric Albertson is senior investment director in charge of secondaries at Aberdeen Standard Investments. He spoke with Buyouts about his firm’s approach to finding value in the secondary PE marketplace. Aberdeen tends to focus on the smaller end of the secondary market. What kinds of opportunities are you seeing? We will use secondaries sporadically throughout […]

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Pennsylvania State Employees’ Retirement System at its February meeting committed $225 million to private equity funds targeting North American, European and Chinese markets. The system committed $75 million to the third fund of Primavera Capital Group, the Chinese investment firm focused on PE and cross-border investments. PA SERS committed $75 million to Providence Equity’s fourth strategic growth fund, […]

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Emerging managers raised $1.6 billion over the past few weeks, continuing a late-winter lull. Four private equity firms and one venture firm raised over $100 million. GreatPoint Ventures outraised all firms with more than $245.6 million for its second innovation fund. The venture firm was founded by entrepreneurs. On the private equity side, Bonaccord wasn’t […]

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Texas Municipal Retirement System at its February meeting recommended $250 million in PE commitments to funds including the financial and tech sectors. If approved, the funds would fall in line with TMRS’s goal to add 15 funds in the next few years. As of January 2019, it had 35 PE funds in its portfolio, Buyouts previously […]

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Massachusetts Pension Reserves Investment Management Board approved a 1 percentage point increase in its target allocation to private equity at its February meeting, while also committing $480 million to new PE strategies. MassPRIM, which manages $69.3 billion in its pension trust, voted to increase its private equity allocation to 12 percent from 11 percent, with […]

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OMERS appointed Mark Shulgan to head the Canadian pension fund’s new growth-equity platform, Buyouts has learned. OMERS announced Shulgan’s hire as a managing director in September, though at the time did not mention the new strategy. He will now run OMERS Growth Equity, recently set up for long-term investing in high-growth companies committed to innovation in sectors like healthcare and tech, […]

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Alameda County Employees’ Retirement Association (ACERA) approved a $33 million commitment to Genstar Capital Partners’ ninth fund at its February meeting. Genstar Fund IX closed on $7 billion Feb. 25, with $5.5 billion in the main fund and $1.1 billion in overage capacity, the firm said in a press release at the time. Genstar and […]

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Los Angeles Department of Water & Power Retirement Plan intends to commit $400 million to private equity in 2019 and to increase its allocation thereafter, a report prepared by StepStone Group shows. The report was presented at a Feb. 13 meeting of the pension plan’s board. StepStone is helping the plan step up its PE commitments, […]

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New Mexico State Investment Council re-upped $200 million across funds managed by TA Associates and Brookfield Asset Management. Council also renewed a consulting contract with national private equity adviser Pavilion Alternatives Group.  The board unanimously approved: $100 million to TA Associates XIII, targeting $7.5 billion according to a person with knowledge of the firm; $100 […]