SERS Revises Returns, Commits $283M

By Staff Report — 13 years ago

The Board of the Pennsylvania State Employees’ Retirement System (SERS) met without bloodshed on the Ides of March, revised its 2005 investment returns and approved investments in seven private equity funds for a total of $283 million. The board’s investment consultant Rocaton Investment Advisors, reported that SERS had a net investment return of 14.5% for […]

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PSERS Returns Down But Still Good

By Staff Report — 13 years ago

With private equity returns leading the way, the Pennsylvania Public Employees’ School Retirement System (PSERS) posted gains that, while declining from previous years, were positive and above the national public pension median. Alternative investments, international equities and real estate were singled out for credit for the pension system’s performance. The pension system announced on March […]

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HarbourVest And AlpInvest Back Paragon Buy

By Staff Report — 13 years ago

In what one partner involved calls a milestone transaction, secondary groups from two large private equity firms financed a secondary buy that established a new fund and financed that fund’s purchase of a buyout fund and its portfolio companies. The two secondary groups from London-based AlpInvest Partners and Boston’s HarbourVest Partners, invested $56 million in […]

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CalPERS gets a rosy Valentine

By Staff Report — 13 years ago

The California State Employees’ Retirement System (CalPERS) Investment Committee met on Valentine’s Day this month and made the following private equity commitments totaling $75 million: * CalPERS committed $30 million to The Carlyle Group’s Carlyle Asia Growth Partners III. The fund has a target of $350 million and plans to hold a final close in […]

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CalPERS Puts More Than $950M To Work –

By Staff Report — 13 years ago

The United State’s largest state pension system ended its investment year with a bang, committing almost $1 billion to private equity. The California Public Employees’ Retirement System (CalPERS) reported at its Dec. 12, Investment Committee meeting that it had invested $956.5 million into five different private equity funds. CalPERS reported that it has committed to […]

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CalPERS to put assets on secondary block

By Staff Report — 13 years ago

In a move that should interest the private equity secondary market, the California Public Employees’ Retirement System (CalPERS) approved a plan that will likely place some of its private equity holdings on the secondary market auction block. The move is part of a larger restructuring of the CalPERS portfolio. The CalPERS Investment Committee approved a […]

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CalPERS OKs $950M

By Staff Report — 13 years ago

The United States’ largest state pension system ended the year committing about $1 billion to private equity. The California Public Employees’ Retirement System (CalPERS) OK’d $956.5 million to the following funds: * CalPERS committed $400 million to The Blackstone Group’s Blackstone Capital Partners V. The fund, which closed on $12.5 billion in October, will focus […]

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Wash. State OKs $275M For Private Equity –

By Staff Report — 13 years ago

The Washington State Investment Board approved an additional $275 million for two private equity funds in mid-November. In its general board meeting on Nov. 17, the pension system approved the following private equity funds for investment: The board approved up to $175 million for Nordic Capital’s Nordic Capital VI. The Stockholm, Sweden-based buyout firm’s last […]

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AlpInvest Partners gets record mandate

By Staff Report — 13 years ago

AlpInvest Partners has received a new mandate from pension funds ABP and PGGM of €11bn. The new mandate further strengthens the position of AlpInvest as one of the largest private equity investors worldwide. AlpInvest’s new mandate is amongst the largest mandates ever granted in the international private equity market. It covers an investment period of […]

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CPP Commits $335M To Canadian PE –

By Staff Report — 13 years ago

In a move proving there is confidence that the Canadian private equity market is maturing, the CPP Investment Board committed $335 million to a Canadian private equity program that will be invested and managed by TD Capital Private Equity Investors. Approximately $210 million has been committed to a Canadian small and middle market buyout fund-of-funds […]

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CalPERS commits $290M, names CIO

By Staff Report — 13 years ago

The California Public Employees’ Retirement System (CalPERS) committed an additional $290 million to private equity last week. The public pension system also named an interim chief investment officer to replace Mark Anson, who announced last month that he was leaving to become the CEO of London-based fund manger Hermes. At its investment committee meeting last […]

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CalPERS’ Investments To Be Reviewed –

By Staff Report — 13 years ago

The California Public Employees’ Retirement System recently received a commissioned review of its alternative investment management program. Results and recommendations were presented during an Oct. 17 meeting of the CalPERS investment committee, and will be evaluated over the next few months. CalPERS had retained Portland, Ore.-based Pension Consulting Alliance to conduct the review, which was […]

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AlpInvest spins off direct investments

By Staff Report — 13 years ago

AlpInvest, the largest private equity investor in Europe, is taking another reorganisational step that will see its direct investment team spun off to become Taros Capital. The mid-market buyout team, which will become independent from January 1 2006, will continue the management of AlpInvest’s direct portfolio in the Benelux region and Germany. The portfolio, which […]

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CalPERS Portfolio Under Review, Clock Ticking

By Staff Report — 13 years ago

The California Public Employees’ Retirement System (CalPERS) is undergoing a strategic review of its Alternative Investment Management program, with final results and recommendations expected sometime this fall. Strategic reviews of institutional investment programs are hardly uncommon, but CalPERS holds a special place as the world’s second-largest private equity investor. It managed approximately $21.4 billion of […]

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Changes At CalPERS?

By Staff Report — 13 years ago

The California Public Employees’ Retirement System (CalPERS) is undergoing a strategic review of its Alternative Investment Management program, with final results and recommendations expected sometime this fall. And any large-scale strategic changes could have wide-ranging repercussions. Strategic reviews of institutional investment programs are hardly uncommon, but CalPERS holds a special place as the world’s second-largest […]

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CalPERS Sets New Consultant Rules

By Staff Report — 13 years ago

The California Public Employees’ Retirement System (CalPERS) announced last week that its Board of Administration adopted new policies regarding disclosure of potential conflicts of interest among its investment advisors The new policy requires investment consultants to “identify any future circumstances that may create actual, potential or perceived conflict of interests prior to providing advice in […]

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WSIB Chooses Consultant

By Staff Report — 13 years ago

Last week The Washington State Investment Board was scheduled to vote on a recommendation that it select Capital Dynamics as its next private equity consultant. If approved, the move would be a major loss for La Jolla, Calif.-based Pacific Corporate Group, which has served as WSIB’s private equity consultant for the past five years. A […]

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CalPERS Commits Another $425M To Private Equity

By Staff Report — 14 years ago

California State Employees’ Retirement System (CalPERS), the $183 billion pension system, continued its investment in to private equity with a series of commitments worth as much as $425 million. In its May 16, Investment Committee meeting, the pension fund made up to $415 million in commitments to five private equity funds. In its investment committee […]

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