You are browsing the archive for PennSERS - peHUB.

Avatar of joanna

by joanna

Venture to Get Slashed in Pension Reorg

Posted on: June 27, 2012 by joannaNo Comments »

The Pennsylvania State Employees’ Retirement System plans to cut more than half its allocation to venture capital over the next ten years as part of a move to increase portfolio liquidity. Are more pensions likely to follow suit?

Charles River Closes in on Fund 15 — Without Bill Tai

Posted on: January 6, 2012 by Jonathan MarinoNo Comments »

Charles River Ventures spent the back end of 2011 fundraising and the bi-coastal firm is expected to soon close a fifteenth fund with about $300 million, more or less matching its prior funds, sources tell peHUB. Notably, one prominent member of the firm’s Sand Hill Road team won’t be part of the new fund, either. Multiple [...]

PennSERS Is Trying to Sell up to Half ($3B) of Its PE Assets

Posted on: September 29, 2011 by Jonathan MarinoNo Comments »

Things haven’t been going so great over at the Pennsylvania State Employees’ Retirement System. It faces increasing obligations to pensioners, is over-allocated to private equity and has lost staff from its PE investment team. Against that backdrop, the $25 billion pension fund has been seeking buyers for as much as $3 billion worth of its PE investments, one [...]