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Harvard Likes Resources, Euro Debt

By Cust Serv — 7 years ago

Harvard University may increase its natural resource investments as a lucrative way to expand its multibillion-dollar endowment, the head of its investment arm said. “Natural resources are our favorite area,” Jane Mendillo, who oversees the university’s $32 billion endowment as chief executive of Harvard Management Co., told the CNBC Delivering Alpha Conference, sister news service […]

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New CIO Tapped At N.Y. Common, No. 3 Pension: Updated

By Cust Serv — 7 years ago

Vicki Fuller, an executive at Alliance Bernstein, was tapped to be chief investment officer of the $150 billion New York State Common Retirement Fund, the nation’s third largest pension fund. She is due to start on Aug. 30, and her annual salary for running a pool of money larger than the annual output of New […]

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Florida Lays Down $750M For LBOs, Mezz And Secondaries

By Cust Serv — 7 years ago

The Florida State Board of Administration, which manages $158 billion in pension and emergency funds, has committed $750 million to six private equity funds, three of them funds of funds and secondary funds. The series commitments are among the largest made by limited partners so far in 2012. All six commitments were made by Florida’s […]

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Washington Doubles Down On Europe

By Cust Serv — 7 years ago

The $85 billion Washington State Investment Board continued its push into global private equity markets at its June board meeting, contributing $800 million, or $400 million each to two funds, one the latest flagship fund from Advent International and the other from Nordic Capital, which invests mainly in Scandinavia and nearby areas. The two pledges […]

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AlpInvest Funds Hit Hard By 2006 Vintage: CORRECTED

By David M. Toll — 7 years ago

AlpInvest Partners, the funds-of-funds business of The Carlyle Group, has taken a pretty big hit so far from its vintage-2006 investments, according to a regulatory document. Carlyle acquired a 60 percent equity interest in AlpInvest last year as part of the build-up to its initial public offering in May. The unit, which manages more than […]

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New York Common Shows Moderate Gains

By Cust Serv — 7 years ago

The New York State Common Retirement Fund, the nation’s third-largest pension, saw its assets grow 6 percent to $150.3 billion in the 2011-2012 fiscal year, which ended on March 31. The fund’s performance was slightly better than that of the S&P 500, which returned 5.7 percent during the same 12-month period. Private equity, which returned […]

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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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