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Texas Municipal Retirement System at its Sept 27-28 meeting committed $110 million to sophomore funds from Tritium Partners and Main Post Partners. The pension system re-upped $60 million to Tritium’s second fund targeting $375 million. This fund will make 12 to 14 control investments in U.S.-based middle-market growth/buyouts companies in internet/information services, supply chain/logistics and business/financial services businesses. Tritium will invest $15 […]

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North Dakota State Investment Board sold a $25 million commitment in Corsair Capital’s fourth fund to Hamilton Lane, a source close to the pension system confirmed. North Dakota pension trust’s PE portfolio has underperformed mainly because of investments made before 2013, David Hunter, the pension system’s CIO, has told ActiveLPs. “Although the North Dakota State Investment Board generally […]

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Emerging managers raised nearly $1.8 billion in the past few weeks. Seven firms raised over $100 million. Balance Point Capital raised over $375 million toward the $400 million hard cap for its third flagship fund. The firm focuses in the lower-middle market. Caspian Private Equity, focused on U.S. private equity and real estate markets, raised […]

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New Hampshire Retirement System at its Sept. 21 meeting committed $100 million to funds from Warburg Pincus and Thoma Bravo. NHRS re-upped $50 million to Warburg Pincus Global Growth Fund. Technically its 13th flagship fund, Warburg’s growth fund could raise up to $15 billion and hold a final close this year, Buyouts reported in March. […]

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Alaska Permanent Fund Corp named its director of investments, real assets and absolute return, Marcus Frampton, chief investment officer. Frampton, who joined Alaska Permanent in 2012, had taken over as interim CIO after Russell Read resigned in July to pursue an opportunity in London. The search for CIO included outside candidates, and “after considering many highly qualified […]

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John Ruffolo, CEO of OMERS Ventures, is leaving the firm, Ontario Municipal Employees Retirement System said. Ruffolo, who is also leaving his role as executive managing director of OMERS Platform Investments, the pension system’s innovation arm, will remain in an advisory capacity until Dec. 31, the statement said. The statement did not indicate why Ruffolo is stepping down. Ruffolo founded […]

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Harvard University’s endowment has returned 10 percent on its investments in 2018, up from 8.1 percent in 2017. But the endowment’s returns trailed its peers, which clocked more than 12 percent returns for 2018. Nirmal Narvekar, chief executive of Harvard Management Co, which manages the $39.2 billion endowment, on Sept. 28 reported the returns in a brief […]

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The Smedvig family may have divested its shipping and exploration businesses, but Smedvig Capital, its investment office, continues to navigate through disruptive technologies to find investments. Norwegian Peder Smedvig established his shipping company in 1915. The family also invested in canned foods, especially fish, in the First World War and became the third largest producer of canned foods in Norway. The […]

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New Mexico State Investment Council’s board at its Sept. 25 meeting approved a $50 million re-up to Vista Equity Partners’ seventh fund, targeting $12 billion. The sovereign fund previously committed $100 million each to Vista Equity’s fifth and sixth funds. The smaller re-up this time is due to concentration guidelines in the policy that limit […]

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Private equity is a preferred strategy among family offices, and North American FOs led the way with high PE allocations in their portfolios. Additionally, family offices increased their private equity allocation by almost four percentage points in 2017 from 2016. Eighty percent thought the asset class performed in-line or exceeded their expectations. That was the upshot […]