Pension: New York State Teachers’ Retirement System
Assets Managed: $91 Billion (Dec. 2012)
PE Assets Managed: $7.2 Billion (Dec. 2012)
PE Allocation (Target): 8.2% (7%)
Chief Investment Officer: Thomas Lee
The $91 billion New York State Teachers’ Retirement System named John Virtanen as its new head of private equity, according to a spokeswoman for NYSTRS. Virtanen replaces Dhvani Shah, who left in late 2011 to become chief investment officer at the $28 billion Illinois Municipal Retirement System.Since Shah left, the private equity team has reported directly to Thomas Lee, NYSTRS’s executive director and its chief investment officer, according to spokeswoman Heidi Brennan in an e-mailed message to Buyouts. Virtanen hasn’t previously overseen private equity at NYSTRS, ...