NYCERS loses its private equity boss. Who should fund managers be tapping for commitments now? http://finance.fortune.cnn.com/2013/05/22/new-york-city-loses-its-private-equity-boss/

Our latest video at http://www.buyoutsnews.com features Jay Park, a managing director at BlackRock, the world’s largest asset manager. http://bit.ly/11VGmtt Key issue, he says: ”Is this a manager we want to work with?” But he says the firm is ”always on the lookout” for emerging managers, first time funds.

Highlights of some of the challenges facing PE firms currently fundraising http://www.preqin.com/docs/press/First_Close_PR.pdf

sister magazine Buyouts is reporting the two biggest NY State pensions are both expanding their private equity staffs

Valauable lessons to be learned for first time managers from this research? http://www.preqin.com/docs/press/Holding_Periods_PR.pdf

With Ron Mock, the former head of alternatives at the Ontario Teachers’ Pension Plan, becoming that pension’s next CEO, will alternatives, and particularly private equity, and even more particularly emerging managers, become a greater focus at the ”World’s Best Pension Fund,” as one survey recently put it?

Emerging markets for emerging managers: Herb Engert of Ernst & Young sees private equity firms focusing more on emerging markets in Africa, and the Middle East, as they hunt for deals. Anyone with expertise in these areas would probably be in demand…

Some tips for first time managers: How PE funds raise capital and source deals with social media http://www.forbes.com/sites/davidteten/2013/05/14/how-private-equity-funds-raise-capital-and-source-deals-with-social-media/

Here’s an insight into UTIMCO’s top and bottom performing first time fund managers http://privatemarkets.thomsonreuters.com/buyouts/lp-scorecard-top-and-bottom-five-utimco-first-time-funds/21084404.article

Cari Lodge is out as head of alternatives at Tulane Univ, to join Commonfund, sister magazine Buyouts is reporting

More fund managers are raising money than ever, according to Erik Hirsch, CIO at Hamilton Lane… http://blogs.wsj.com/moneybeat/2013/05/08/private-equitys-bright-future/

Could mean good fundraising times ahead for first time managers…

Luisa Beltran reports that investment banks are hiring again.

http://www.pehub.com/200359/ib-layoffs-slow-boidman-joins-solomon-minnihan-lands-gca-savvian/

This could indicate job opportunities in the space for emerging managers as well — not just in investment banking but at PE firms, etc.

We have ”super LP” Chris Douvos in our latest ”Meet the LP” video at http://www.buyoutsnews.com. His advice is not surprising: Get to know us. His video will be *free* on our homepage for the next few days and available to subscribers henceforth at http://bit.ly/16OCtH9.

Emerging managers may want to take note: Apollo Global Management appears to be hiring, at least during the first quarter. Total expenses for Apollo’s Management Business rose to $158.4 million, up $21. That increase included $8.5 million in placement fees, which was primarily due to the launch of a closed-end fund within its credit segment, and…[Read more]

Some stats on fundraising for first time managers http://www.preqin.com/docs/press/Private_Equity_Q1_13.pdf

Looks like North Carolina’s retirement system might boost its allocation to alternatives up to 40%. Could be good news for emerging managers trying to raise money from the system….