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Vermont Pension Investment Committee at its March meeting recommended $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 system […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]