TRS Illinois Launches New Managers Program

By Lawrence Aragon — 11 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. […]

Continue

LPs flock to emerging markets

By Lawrence Aragon — 11 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 […]

Continue

LPs flock to emerging markets

By Lawrence Aragon — 11 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 […]

Continue

CalPERS Commits More Money To New Managers

By Lawrence Aragon — 11 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 […]

Continue

Siguler Guff Hits Market With $1B Emerging Market FoF

By Lawrence Aragon — 12 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 […]

Continue

Conn. to back emerging, minority firms

By Lawrence Aragon — 12 years ago

Connecticut’s state pension plan, the Connecticut Retirement Plans and Trust Funds, is looking to diversify its portfolio by backing asset managers that tend to fly under the radars of most large institutional investors, including Connecticut-based firms, women and minority-owned firms, and emerging managers with less than $2 billion in assets. The state plans to back […]

Continue

Conn. To Back Minority-Owned, Women-Owned and Emerging Firms

By Lawrence Aragon — 12 years ago

Connecticut’s state pension plan, The Connecticut Retirement Plans and Trust Funds, is looking to diversify its portfolio by backing asset managers that tend to fly under the radars of most large institutional investors, including Connecticut-based firms, women and minority-owned firms, and emerging managers with less than $2 billion in assets. The idea is to find […]

Continue

CalPERS Sets Aside $400M for Emerging Managers

By Lawrence Aragon — 13 years ago

The California Public Employees’ Retirement System (CalPERS) has made a $400 million commitment to funds-of-funds manager Centinela Capital Partners as part of its effort to invest more capital with emerging managers–particularly ones that invest in California. Centinela intends to invest with private equity firms active in leveraged buyouts, expansion capital and venture capital. Expect the […]

Continue

California pension funds build database of emerging managers

By Lawrence Aragon — 13 years ago

Two of the largest public pension funds have set out to identify small firms that may not have come across their radars. The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS)—with the help of investment advisor Altura Capital—are compiling a database filled exclusively with emerging managers and financial service […]

Continue

Emerging managers wanted: Qualifying firms have until July 17 to complete questionnaire

By Lawrence Aragon — 13 years ago

Two of the largest public pension funds are aiming to identify the smaller firms that may not have come across their radars. The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) – with the help of investment advisor Altura Capital – are compiling a database filled exclusively with emerging […]

Continue

CalPERS Taps Fund Manager, Adds Markets

By Lawrence Aragon — 14 years ago

The California Public Employees’ Retirement System (CalPERS) announced last week that it again picked Santa Monica, Calif.-based Wilshire Associates as the primary pension consultant to its $182 billion fund. This didn’t come as any surprise to the firm. It has served CalPERS in that capacity for the past 22 years. Wilshire is credited with overseeing […]

Continue

Veteran Emerging Managers On Fundraising Trail

By Lawrence Aragon — 15 years ago

Shasta Ventures has yet to announce any investments, but that hasn’t stopped limited partners from lining up for its inaugural fund. The Menlo Park, Calif.-based firm currently is in allocation mode, and expects to soon hold a final close in excess of its $175 million target capitalization. If oversubscription for a first-time fund manager doesn’t […]

Continue

CA, IL Pension Seek Managers

By Lawrence Aragon — 16 years ago

The search is on for a fund-of funds manager at the California State Teachers’ Retirement System (CalSTRS). Last week the pension fund issued an RFP asking qualified groups to submit proposals for a $100 million mandate to run its New and Next Generation Managers Program. In late February the Sacramento-based pension fund set aside $100 […]

Continue

CA, IL Pension Funds Seek Managers

By Lawrence Aragon — 16 years ago

The search is on for a fund-of funds manager at the California State Teachers’ Retirement System (CalSTRS). Last week the pension fund issued an RFP asking qualified groups to submit proposals for a $100 million mandate to run its New and Next Generation Managers Program. In late February the Sacramento-based pension fund set aside $100 […]

Continue

Temporary managers: here to stay?

By Lawrence Aragon — 18 years ago

The venture capital industry has seen it all in the recent past enormous enthusiasm for “anything dot com”, highly leveraged management buyouts (MBO) and management buy-ins (MBI) and the rush to exploit emerging opportunities. Almost by definition the venture capital (VC) industry is a disciple of change. If an attitude of “steady as she goes” […]

Continue