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LP Scorecard: A Look At How Mega-Funds Perform For CalSTRS

By Cust Serv — 7 years ago

European powerhouse CVC Capital Partners takes the crown in this week’s battle of the U.S. and European mega-buyout houses, securing first place in our list of top 10 funds based on private equity performance figures from California State Teachers’ Retirement System. U.S. and European firms both account for five of the top-10 spots, and with […]

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CalPERS Taps Blackstone For $500M Separate Account

By Cust Serv — 7 years ago

The largest pension in the nation has joined the biggest trend in private equity by committing $500 million to a separate account to be managed by The Blackstone Group. The separate investment pool will be focused on making “investment opportunities in areas of market, regulatory, or other forms of dislocation.” The mandate from the $233 […]

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Florida’s New PE Team Makes First Series of Commitments

By Cust Serv — 7 years ago

The Florida State Board of Administration made its first series of private equity commitments under Trent Webster, its new senior investment officer for private equity and his deputy, John Bradley. The SBA, which manages $157 billion in pension and emergency funds, said it committed $500 million to three buyout funds and another $300 million to […]

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CalSTRS Commits $506 Million, Half To Asia Funds

By Cust Serv — 7 years ago

Asia investments figured prominently among the private equity commitments made by the $152 billion California State Teachers’ Retirement System during the fourth quarter of 2011, according to a recently released investment report. The pension, which oversees the country’s second-largest private equity program with $21.4 billion in invested capital, committed $506 million to the asset class […]

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Chief Of Colorado PERA To Step Down

By Cust Serv — 7 years ago

Meredith Williams, the executive director of Colorado’s $39 billion pension system, will step down at the end of June after 12 years in the role, according to a pension spokeswoman. The Colorado Public Employees’ Retirement Association’s board will next meet on April 18 to discuss next steps, but has yet to name an interim chief. Williams […]

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New York Common Commits $405 Million to Four Funds

By Cust Serv — 7 years ago

The New York State Common Retirement Fund made a series of four private equity commitments, together amounting to more than $400 million. The biggest commitment was for $150 million to the debut fund from Searchlight Capital, which peHUB, the Buyouts sister publication, reported would be targeting $750 million. If the fund were to close at […]

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New Jersey Makes Big Commitments to Warburg, TPG

By Cust Serv — 7 years ago

As it continues to rack up commitments from the nation’s largest pension funds, Warburg Pincus nabbed a $300 million pledge from the New Jersey Division of Investment, the state treasury division that manages the state’s $70 billion pension system. The pension also pledged $100 million to TPG’s TPG Growth Fund II LP. New Jersey’s large […]

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Christine Pastore, New Jersey’s Innovative PE Chief, Steps Down

By Cust Serv — 7 years ago

Christine Pastore, who helped lead the $70 billion New Jersey pension system’s intrepid expansion into alternative assets, decided to step down on March 30 after seven years in the job. A spokesman for the New Jersey Division of Investment, Andrew Pratt, said the decision was her own and that the agency would have liked her […]

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PSERS Plows $700 Million Into Four PE Funds

By Cust Serv — 7 years ago

The Pennsylvania Public School Employees’ Retirement System, with $48 billion in assets, has plunged deeper into the private equity pool, pledging $700 million across four funds, according to a PSERS spokeswoman. Overall, PSERS has $9.7 billion in private equity, private debt and venture investments, which translates to a 20.4 percent allocation, as of Dec. 31, […]

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CalPERS Sets Terms On PE Template

By Cust Serv — 7 years ago

The $236 billion California Public Employees Retirement System renewed its contract with Pension Consulting Alliance, its private equity adviser, through 2014. PCA was initially hired by CalPERS in May 2009 in the wake of the pension’s damaging “pay to play” scandal. On its Web home page, Portland, Ore.-based PCA declares it “has a zero tolerance […]

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CalPERS Renews PE Consulting Contract With PCA

By Cust Serv — 7 years ago

The $236 billion California Public Employees Retirement System renewed its contract with Pension Consulting Alliance, its private equity adviser, through 2014. PCA was initially hired by CalPERS in May 2009 in the wake of the pension’s damaging “pay to play” scandal. On its Web home page, Portland, Ore.-based PCA declares it “has a zero tolerance […]

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Washington Commits $1B+ To Private Equity

By Cust Serv — 7 years ago

The Washington State Investment Board, which manages more than $80 billion in pension assets, made more than $1 billion in commitments to a trio of buyout funds, two of which have just begun their fundraising efforts. All three pledges are slated for Washington State’s main pension trust, according to Liz Mendizabal, the board’s public affairs […]

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CalSTRS Eyeing Big Commitments Through Separate Accounts

By Cust Serv — 7 years ago

The $145 billion California State Teachers’ Retirement System, the nation’s second largest pension fund, is actively considering making large separate account commitments for its private equity program, a senior investment official at the fund told Buyouts. The development that comes on the heels of mega-separate account commitments from the Texas Teachers’ Retirement System and the […]

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CalPERS Says Fund It Seeded Yields 31% IRR

By Cust Serv — 7 years ago

The California Public Employees’ Retirement System says it generated a 31 percent net IRR on its investment in GI Partners Fund I, a real estate and private equity firm that the pension fund seeded in 2001 and that is expected to be in the market shortly with a new fund. CalPERS committed $500 million to […]

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CalPERS Says Fund It Seeded Yields 31% IRR

By Cust Serv — 7 years ago

The California Public Employees’ Retirement System says it generated a 31 percent net IRR on its investment in GI Partners Fund I, a real estate and private equity firm that the pension fund seeded in 2001 and that is expected to be in the market shortly with a new fund. CalPERS committed $500 million to […]

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Goodman, CPPIB Double Size Of China JV

By Reuters News — 7 years ago

Australia’s Goodman Group and Canada Pension Plan Investment Board have more than doubled their equity investment in a Chinese joint venture to $500 million, targeting growth in China’s logistics market, sister news service Reuters reported. The two parties formed a 80-20 joint venture with an initial commitment of around $180 million in 2009 to own […]

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Washington State Bets $550 Million On Global PE

By Cust Serv — 8 years ago

It must be international month in the Washington State Investment Board cafeteria. At its November board meeting, the $79 billion pension system made more than $550 million in commitments to two global private equity managers, including $300 million for London-based Apax Partners and its Apax Europe VIII LP, and $250 million for Actis’s latest emerging […]

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