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Rhode Island State Investment Commission at its March meeting committed $60 million to Advent International’s ninth global private equity fund, pension documents showed. Advent International focuses on healthcare; industrial; business and financial services; retail, consumer and leisure; and technology, media and telecommunications in North America and Europe. GPE IX is targeting $17.5 billion, according to […]

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Montana Board of Investment at its April meeting made a commitment to a Silicon Valley-based Foundation Capital’s ninth fund. Montana pledged $20 million to Foundation’s Fund IX, which focuses on technology markets, a person familiar with the deal told Buyouts. The fund is targeting $350 million, according to an SEC filing. Foundation closed Fund VIII […]

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Illinois Municipal Retirement Fund at its March meeting committed heavily to funds from Inflexion Private Equity, which target the lower mid-market in the U.K. IMRF pledged £70 million ($92 million) to Inflexion’s Enterprise Fund V and Supplemental Fund V. It also committed £150 million ($197 million) to Inflexion Strategic Partners. It’s not clear how much […]

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Orange County Employees Retirement System set its 2019 private equity pacing plan at its March meeting, increasing its target allocation from the previous year. In a memo to the investment committee, Molly Murphy, OCERS’s chief investment officer, recommended that the board commit $400 million to $450 million in private equity for the year to stay […]

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Emerging managers are keeping up their pace in the strong fundraising environment that appears to be welcoming to newer shops. Seventeen emerging managers raised more than $2.4 billion from the time period of March 13 through March 26, according to Buyouts data. ATL Partners outraised all firms with $475 million for Fund II. The firm […]

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Los Angeles City Employees’ Retirement System set its annual real estate pacing at its March meeting. LACERS will commit between $140 million to $170 million in real estate commitments for the year, in its Core and Non-Core funds, according to its real estate fiscal year 2019-20 strategic plan. In April 2018, on the advice of […]

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Haas Portman, an Atlanta-based joint-family office, tries to double its expertise on deals it chases: it taps co-investors from its extensive network with experience in its target sectors. As an example, the family office, formed in 2013, would bring in experienced food investors into a food and beverage deal, explained Grant Haas, who manages the […]

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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. […]

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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 […]

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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 […]