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gregory roth

The Illinois Teachers’ Retirement System, which oversees $39 billion in assets, has committed a combined $420 million to three firms, including Apollo Global Management, New Mountain Capital and ICV Partners, according to Dave Urbanek, a pension spokesman.
The departure of Barry Miller as head of private equity for the New York City Retirement Systems sharpens the speculation about who will manage the city’s Bureau of Asset Management once a new comptroller is elected in November.  
The New York City Retirement Systems, the $127 billion group of municipal pensions overseen by the city comptroller’s office, made an impressive $1.1 billion in commitments to five private equity funds in the first quarter, according to Stephanie Hoo, a senior press officer. The funds are managed by The Carlyle Group, Platinum Equity, Landmark Partners, Neuberger Berman and ACON Investments.
The $150 billion New York State Common Retirement Fund, one of the nation’s biggest emerging manager investors, has created a special $250 million separate account for private equity co-investments alongside such managers, according to a senior official at the fund.
Trying to counter claims aired at a recent state Senate hearing that the $243 billion California Public Employees’ Retirement System was reducing its long-time commitment to emerging managers, Joe Dear, the system’s chief investment officer, has written a forceful letter to the hearing’s chairman, Sen. Curren Price Jr., saying that he was “troubled by testimony that questioned our commitment and intentions” on emerging managers.
The California Public Employees’ Retirement System severed its six-year-old contract with Centinela Capital Partners, a Los Angeles private equity custom account manager that oversaw two emerging manager accounts worth $1 billion, according to Brad Pacheco, a CalPERS spokesman. Earlier this year, Centinela filed a complaint against the $245 billion pension system claiming racial bias in CalPERS’s decision to choose another firm, Credit Suisse Customized Fund Group, to manage a third account with a similar mandate.
America’s second-largest public pension, the $152 billion California State Teachers’ Retirement System, committed more than $1 billion to a bevy of private equity and debt-related funds in the second and third quarters, according to the pension’s semi-annual private equity report, which was presented to the pension’s board in early September.
Firm: Vista Equity Partners Fund: Vista Equity Partners IV LP Initial Target: $2.5 Billion Amount Raised: $3.5 Billion Legal Counsel: Simpson Thacher Placement Agent: None Part of a new breed of mega sector firms, Vista Equity Partners, a San Francisco-based technology buyout firm, closed its latest fund, Vista Equity Partners Fund IV LP, having raised […]
Pension System: California Employees’ Retirement System Assets Managed: $233 Billion (May 8, 2012) Private Equity Assets: $32.6 Billion (February 29, 2012) Private Equity Allocation: 14% (February 29, 2012) Private Equity Allocation Target: 14% (February 29, 2012) Chief Investment Officer: Joe Dear The largest pension in the nation has joined the biggest trend in private equity […]
Pension System: New York City Bureau of Asset Management Pension Assets: $115 Billion (Dec. 31, 2011) Invested Private Equity Assets: $7.9 Billion (Dec. 31, 2011) Private Equity Allocation: 6.9% (Dec. 31, 2011) Chief Investment Officer: Lawrence M. Schloss The New York City Bureau of Asset Management, which earlier this year added $500 million to the […]

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