A full moon rises behind the Empire State Building and the Chrysler Building over the skyline of Manhattan in New York

Miller’s Move From NYC Pensions To Landmark Raises Questions

Barry Miller, who has been head of private equity for the New York City Retirement Systems, has decided to join Landmark Partners, a secondary firm to which the pension recently made a sizeable commitment. The timing of Miller’s move raises questions about whether the city, and pensions generally, should have stricter rules governing employees who wish to leave for money managers, according to Buyouts, peHUB’s sister magazine…

NYC Commits $1.2B, Including Separate Account Deals With Apollo, Golden Tree

The New York City Comptroller’s Bureau of Asset Management, which oversees $122 billion across the city’s five main public pension funds, has committed $600 million to Apollo Global Management and $250 million to Golden Tree Asset Management as part of separate managed accounts that will focus on opportunistic credit strategies.

New York City Taps Doñé to Manage Women And Minority-Owned PE Pledges

The New York City Bureau of Asset Management, which earlier this year added $500 million to the $6 billion that the city already had invested in women and minority-owned investment firms, named Alex Doñé as the bureau’s director of private equity in charge of emerging managers. The Bureau of Asset Management, part of the city’s comptroller’s office, is responsible for managing $115 billion

New York City Plans $2 Billion Secondary Sale

The New York City Bureau of Asset Management, which administers the city’s $119 billion pension system, is set to sell about $2 billion in private equity investments on the secondary market, according to a source not authorized to speak on the record.

Such a sale, which would represent about 15 percent of the system’s $13 billion in private equity commitments, is part of a repositioning of the portfolio to reduce the number of general partners and increase the portion of top-quartile funds, the source said. News of a possible secondary sale was first reported by Bloomberg. The city’s portfolio has $7 billion in invested private equity capital.

PEHUB Community

Join the 12501 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget