TRS Kicks Off Big PE Year With $400M In Pledges to CS

By Larry Aragon — 9 years ago

The $81 billion Teacher Retirement System of Texas (TRS) recently unveiled two pledges totaling $400 million for a pair of captive accounts managed by Credit Suisse’s Customized Fund Investment Group. The latest commitments, however, represent a small part of the roughly $2.5 billion the pension fund intends to commit to private equity in 2009. The […]

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S.F. Shop Closes F-o-F Below Target But Grows Emerging Mandate

By Larry Aragon — 9 years ago

Bay Hills Capital may have closed its debut fund of funds below the original target but the San Francisco-based shop is already in rally mode, scoring an additional $50 million mandate from the Kentucky Retirement Systems to boost the limited partner’s support of emerging managers. And if that wasn’t enough, Lance Mansbridge, managing director and […]

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NY Common Finally Picks Emerging Manager Advisors

By Larry Aragon — 9 years ago

The $154 billion New York State Common Retirement Fund has concluded its long search for managers of its private equity emerging manager program. The state plans to allocate $350 million to Parish Capital Advisors, $250 million of which will be for co-investment opportunities and $100 million for fund investments. Bank of America’s Banc of America […]

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Former Aldus Execs To Launch Firm With Emerging Manager Focus

By Larry Aragon — 9 years ago

A team led by three former executives from Dallas-based advisory firm Aldus Equity plan to start a new advisory firm focused on investing alongside emerging managers, a source familiar with their plans told Reuters News. The team, led by former Aldus Equity partner Marcellus Taylor, is hoping to attract investors who may see such managers, […]

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Arizona Seeks Managers For $1B Separate Account

By Larry Aragon — 9 years ago

The $26 billion Arizona State Retirement System, a newcomer to private equity, is searching for one or more separate-account managers to commit roughly $1 billion over three years. RFPs were issued in October, and responses were due in mid-December. “We have just started evaluating proposals. I don’t expect any awards earlier than March 31, if […]

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Altura Opens Access To New Managers

By Larry Aragon — 10 years ago

Many limited partners have mandates to invest with emerging managers, but finding these firms can be difficult. And conversely, it can be challenging for small, new firms to catch the attention of large pension funds. A new database created by New York-based Altura Capital Group should help resolve the dilemma. The Altura Emerging Manager Platform, […]

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NY Closing In On Emerging Manager Adviser

By Larry Aragon — 10 years ago

The $155 billion New York State Common Retirement Fund is in the final stages of its search for a manager of its private equity emerging manager program, according to Thomas DiNapoli, the state comptroller and sole trustee of the fund. “We are weeks away from making a choice, and the interviews are moving along. We […]

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TRS Illinois Launches New Managers Program

By Larry Aragon — 10 years ago

The Teachers Retirement System of Illinois last month created a new allocation that will steer as much as $100 million per year to emerging managers of buyout, mezzanine and venture capital funds. The new allocation expands TRS Illinois’s emerging managers program, which previously directed $125 million annually to emerging firms specializing in public equity investing. […]

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LPs flock to emerging markets

By Larry Aragon — 10 years ago

Institutional investors in emerging markets private equity are ignoring the credit crunch and showing their confidence by continuing to commit money according to a survey conducted by the Emerging Markets Private Equity Association (EMPEA). The research results show that 74% of limited partners are looking to increase allocations to emerging markets private equity over the […]

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LPs flock to emerging markets

By Larry Aragon — 10 years ago

Institutional investors in emerging markets private equity are ignoring the credit crunch and showing their confidence by continuing to commit money according to a survey conducted by the Emerging Markets Private Equity Association (EMPEA). The research results show that 74% of limited partners are looking to increase allocations to emerging markets private equity over the […]

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CalPERS Commits More Money To New Managers

By Larry Aragon — 10 years ago

The California Public Employees’ Retirement System continues to look for fresh talent. The $240 billion pension recently committed $150 million to Leading Edge Investment Advisors, a three-year-old San Francisco-based funds-of-funds firm that specializes in backing emerging managers, and $150 milllion to Quotient Investors in New York, a months-old quantitative equity management firm. Both firms tilt […]

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Siguler Guff Hits Market With $1B Emerging Market FoF

By Larry Aragon — 11 years ago

Siguler Guff & Co. is readying a PPM to raise $1 billion by September for a fund of funds targeting the emerging markets of Brazil, Russia, India and China, with a heavy emphasis on India and China, a person familiar with the matter told Buyouts. The new fund of funds, Siguler Guff BRIC Opportunities Fund […]

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