Japan’s Largest Pension Taps Hamilton Lane

By Staff Report — 11 years ago

Hamilton Lane has received a big endorsement from Japan’s largest private-sector pension fund manager. Last week, the 40-year-old Pension Fund Association, which manages roughly $110 billion in assets, revealed that it has hired the Bala Cynwyd, Penn.-based investment advisor to help shape its growing private equity portfolio. Hamilton Lane’s assignment will be to work closely […]

Continue

CalPERS eyes more minority stakes

By Staff Report — 11 years ago

CalPERS’ stake in Silver Lake may signal more such deals The California Public Employees’ Retirement System isn’t done making minority investments in private equity firms just yet. The deep-pocketed limted partner, with assets of $260 billion, late last year acquired a near 10% stake in Silver Lake Partners for a reported $275 million. Neither CalPERS […]

Continue

New Jersey Builds More Nimble Investment Machine

By Staff Report — 11 years ago

The New Jersey Division of Investment has earmarked a total of $500 million for three new funds earmarked for investments in Asia and for co-investments alongside general partners. The new funds were created to give the limited partner the ability to put capital to work quickly, and in a more targeted fashion. One vehicle will […]

Continue

CalPERS Advisor Warms To Turnaround Funds

By Staff Report — 11 years ago

The $247 billion California Public Employees’ Retirement System agreed in December to increase its target allocation to private equity to 10 percent from 6 percent, or from $14.8 billion to $24.7 billion. Great news, but who will benefit? CalPERS isn’t saying just yet, but David Fann, president and CEO of PCG Asset Management LLC, a […]

Continue

Adams Street Cool To Mega-Funds

By Staff Report — 11 years ago

Adams Street Partners to first-time managers and mega-fund managers: don’t call us, we’ll call you. That seems to be the message from the Chicago-based funds-of-funds manager. Having wrapped up its Global Offering Program at $2.1 billion, and Global Opportunities Portfolio at $390 million in December, the firm is starting to hint at where those funds […]

Continue

RCP Nearing Close Of $350M Fund of Funds

By Staff Report — 11 years ago

Small market fund-of-funds investor RCP Advisors as early as this month could hold a $350 million final close on its annual fundraise, its fifth and largest such fund raised to date. The firm had earlier set a hard cap of $325 million. But limited partners agreed to let the firm take in a little extra. […]

Continue

CalPERS May Carve Out New Asset Class

By Staff Report — 11 years ago

California Public Employees’ Retirement System is contemplating elevating infrastructure, timber, commodities and related inflation-hedging investments to an asset class, potentially freeing up another $1.9 billion for buyout shops backing such deals. The new allocation is not expected to siphon money from more traditional private equity funds. This month the CalPERS investment committee planned to hold […]

Continue

New Jersey forms $105M fund of funds

By Staff Report — 11 years ago

New Jersey Direct Investment Fund aims to promote Garden State New Jersey may have lost The Sopranos this summer, but it gained a new investment tool aimed at boosting businesses in The Garden State. The state has committed $100 million to the New Jersey Direct Investment Fund (NJDIF), a $105 million fund of funds that […]

Continue

New Jersey Bets On Its Own Businesses

By Staff Report — 11 years ago

New Jersey may have lost “The Sopranos” this summer, but it gained a new investment tool aimed at boosting businesses in The Garden State. The state has committed $100 million to the New Jersey Direct Investment Fund, a $105 million fund of funds that it launched to satisfy the twin goals of achieving high returns […]

Continue

PaSERS Hits PE Target Allocation, Hires Office Help

By Staff Report — 11 years ago

The Pennsylvania State Employees’ Retirement System had a busy September, committing some $231 million to seven private equity funds and hiring Credit Suisse Securities Customized Fund Group to help manage its investment office. The commonwealth also has reached its target allocation to private equity, which is to have 14 percent of the $34 billion pension […]

Continue

CalPERS launches health initiative

By Staff Report — 12 years ago

The California Public Employees’ Retirement Systems last week unveiled a $700 million investment program to invest in U.S. health care companies and to seek ways to improve the health care system, which CalPERS’ CIO Russell Read called “fragmented and inefficient.” Under terms of the deal, CalPERS will initially commit up to $500 million to a […]

Continue

CalPERS seeks co-investment partners for first time

By Staff Report — 12 years ago

Venture capitalists, long accustomed to selling limited partner stakes to California’s largest retirement fund, can now get access to the pension giant’s deep pockets as a co-investor in VC deals. Starting this year, the California Public Employees’ Retirement System (CalPERS) plans to invest directly alongside VCs through a dedicated fund focused on parts of the […]

Continue

LP Profile: Canadian Pension Plan Takes Non-Passive Route

By Staff Report — 12 years ago

The Canadian Pension Plan Investment Board’s stature in private equity has risen at an almost dizzying pace. It made its first investment in a buyout fund just six years ago. But it’s now among the largest global players in the private markets, having committed more than C$7.1 billion ($6.2 billion) in the first three quarters […]

Continue

HarbourVest to raise $5B FoF

By Staff Report — 12 years ago

HarbourVest Partners plans to close on about $5 billion for its eighth, U.S.-focused fund-of-funds some time in the second or third quarter. About $2.5 billion of that will be earmarked for LBO funds, said a person familiar with the fund. The firm split HarbourVest Partners Fund VIII into three selections for its limited partners: buyout, […]

Continue

CalPERS taps PCG to up cleantech exposure

By Staff Report — 12 years ago

The California Public Employees’ Retirement System selected Pacific Corporate Group (PCG) to manage a $400 million cleantech fund and a $400 million emerging market fund. The cleantech program will augment CalPERS’ existing program, which has committed $200 million to seven general partners. The pension fund will be the anchor investor in PCG’s cleantech fund, which […]

Continue

Penn. SERS backs LBOs

By Staff Report — 12 years ago

A long time supporter of LBO funds, the Pennsylvania State Employees Retirement System (Penn. SERS) has selected an international group of funds to which it will commit its latest round of capital, including Bain Capital’s debut Asia fund. In all, the pension fund made nearly $385 million in commitments, of which $259 million went to […]

Continue

HarbourVest To Have $2.5B For U.S. LBO Funds

By Staff Report — 12 years ago

HarbourVest Partners LLC plans to close on about $5 billion for its eighth, U.S.-focussed fund of funds some time in the second or third quarter, and about $2.5 billion of that will be earmarked for LBO funds, said a person familiar with the fund. The firm broke down HarbourVest Partners Fund VIII LP into three […]

Continue

RCP To Target $250M For ’07 Fund Of Funds

By Staff Report — 12 years ago

RCP Advisors is ready to launch its latest fund of funds earmarked for commitments to small and mid-sized buyout funds. The likely target: $250 million, though the firm could well hit $300 million. Following the model of Adams Street Partners, the Chicago-based firm raises a new fund of funds every year. RCP IV closed at […]

Continue