University of Georgia Athens Foundation, Jason Bull, private equity, pension fund, family office.
147 Views

U. of Georgia Foundation crosses $1 bln assets, hires first CIO

University of Georgia Athens Foundation created the role of chief investment officer after the endowment surpassed $1 billion in liquid assets last year. The foundation named Jason Bull its first CIO, Kelly Kerner, vice president for development and alumni relations and executive director of UGA Foundation, told Buyouts. Bull will oversee investments at UGA Foundation, including the private equity portfolio, […]

University of Georgia Athens Foundation, Jason Bull, private equity, pension fund, family office.
106 Views

U. of Georgia Foundation crosses $1 bln assets, hires first CIO

University of Georgia Athens Foundation created the role of chief investment officer after the endowment surpassed $1 billion in liquid assets last year. The foundation named Jason Bull its first CIO, Kelly Kerner, vice president for development and alumni relations and executive director of UGA Foundation, told Buyouts. Bull will oversee investments at UGA Foundation, […]

Travis Kalanick, Uber, family office, private equity, City Storage Systems, real estate
287 Views

Kalanick family office’s first investment: City Storage Systems

Travis Kalanick took to Twitter to announce the first investment from his 10100 family office fund: a redeveloper of distressed real estate assets. Pronounced ten-one-hundred, the fund is investing $150 million to acquire a controlling interest in City Storage Systems, a holding company that specializes in parking, retail and industrial, according to Kalanick’s tweet. “There […]

New Mexico PERA, Jude Perez, LACERA, private equity, pension fund
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New Mexico PERA’s Jude Perez departs for LACERA

Jude Perez has joined Los Angeles County Employees Retirement Association as a principal investment officer. He had been deputy chief investment officer at the more than $15 billion New Mexico Public Employees Retirement Association, his LinkedIn profile shows. Perez follows Jonathan Grabel, the erstwhile CIO of New Mexico PERA, to LACERA. Grabel joined the $56.8 billion […]

venture capital, Yale University, pension fund
131 Views

Endowments, foundations expect to lift PE allocations this year: survey

Across the LP universe, institutional investors are eager to build exposure to private equity. This holds true for endowments and foundations, 43 percent of which plan to boost their allocations to PE this year, a survey by the investment consulting firm NEPC shows. At the same time, 15 percent expect private equity to be the strongest performing asset class in 2018. […]

Uber, Travis Kalanick, venture capital, private equity, family office
183 Views

Travis Kalanick launches family office to target China, India

Travis Kalanick, the Uber founder who was fired from the company last summer, is starting a family office and fund called 10100. The fund will focus on China and India, a note he posted on Twitter March 7 said. The areas for investment will be real estate, commerce and emerging innovations and “the overarching theme will be about […]

Uber, Travis Kalanick, China, India, family office, private equity
586 Views

Travis Kalanick launches family office to target China, India

Travis Kalanick, the Uber founder who was fired from the company last summer, is starting a family office and fund called 10100. The fund will focus on China and India, a note he posted on Twitter March 7 said. The areas for investment will be real estate, commerce and emerging innovations and “the overarching theme […]

Harvard Management, Harvard University, Melinda Barber, family office, private equity, Pilot House Ventures
333 Views

Harvard Management’s Melinda Barber returns to a family office

After nearly six years on the private equity team at Harvard Management Co, Melinda Barber is moving back to a family office. She is expected to join Pilot House Ventures, the family office of billionaire Amos Hostetter Jr. Harvard Management manages the $37.1 billion endowment of Harvard University and had a 20 percent PE allocation as of 2016, […]

Illinois Municipal Retirement System, pension fund, private equity
109 Views

Illinois Municipal trims alternatives target but remains friend of minority firms

Illinois Municipal Retirement Fund trimmed its target allocation to alternatives to 7 percent, even as it increased its minority-manager goal for private equity by 50 percent. The previous target allocation of 8 percent was recently lowered from 9 percent. At its March 1 meeting the board of the $41.3 billion pension decided on the rebalancing after […]

New Mexico State Investment Council, Greg Kulka, private equity, pension fund
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New Mexico State Investment Council backs Bridgepoint fund

New Mexico State Investment Council plans to commit up to $60 million to Bridgepoint’s Europe VI LP fund, said Charles Wollmann, director of communications, legislative and client relations. Bridgepoint essentially closed fundraising for its latest fund on 5.5 billion euros ($6.72 billion) in December. The legal process to round off the allocations is under way, a company source said. […]

private equity, Silver Lake Partners, growth equity, venture capital, loans, lending
400 Views

LPs use personality tests as part of GP due diligence

Every year institutional investors sift through scores of existing and new private equity funds to engage and select potential managers. The usual steps include reference checks, team background and bios, team attrition, track record and fund strategy. All are important but often hard to quantify. So how do you improve the process? Enter Texas Municipal […]

private equity, Coller Capital
118 Views

Back to School: Investors see PE, alternatives as answer to risk management

Private equity emerged as the top choice for alpha generation among institutional investors as they brace for volatility from perceived asset bubbles and interest rate hikes in 2018. Indeed, investors are confident that increasing their exposure to alternative investments and other active investments will help meet the average return assumptions of 7.2 percent this year. […]

Christopher Schelling, Texas Municipal Retirement System., private equity, pension fund
338 Views

Texas Municipal to lift PE allocation, new fund commitments in 2018

Texas Municipal Retirement System is on track to commit an additional $500 million to private equity this year, inching closer to its strategic target allocation of 5 percent by 2020, according to Christopher Schelling, director of PE for the system. The $25 billion system is a recent entrant into PE investments. In 2015, Schelling joined Texas Municipal and […]

Carlyle Group, Dan D'Aniello, private equity, Dart Enterprises, Cayman Islands
115 Views

Big percentage of investors now worry about recession

Geopolitical uncertainties, market volatility and the weak dollar have alternative-investment managers worried about the way forward. At the same, they said they were excited about the opportunities presented by rapid technology changes. That’s the upshot of a survey of about 100 institutional investors, fund managers and industry leaders who attended the Cayman Alternative Investment Summit in […]