A full moon rises behind the Empire State Building and the Chrysler Building over the skyline of Manhattan in New York

New York City Makes Mammoth $1.1B In PE Commitments

The New York City Retirement Systems, the $127 billion group of municipal pensions overseen by the city comptroller’s office, made an impressive $1.1 billion in commitments to five private equity funds in the first quarter, according to Stephanie Hoo, a senior press officer. According to sister magazine, Buyouts, the funds are managed by The Carlyle Group, Platinum Equity…

New York City Commits $600M to Ares, Trilantic, Palladium

New York City’s five pension funds made $600 million in fresh commitments to three private equity funds, according to a spokesman for the New York City Comptroller’s Bureau of Asset Management, which manages their assets. As of June 30, 2012, the five pensions had combined assets of $122 billion. The three new commitments are $300 […]

NYC Commits $1.2B, Including Separate Account Deals With Apollo, Golden Tree

The New York City Comptroller’s Bureau of Asset Management, which oversees $122 billion across the city’s five main public pension funds, has committed $600 million to Apollo Global Management and $250 million to Golden Tree Asset Management as part of separate managed accounts that will focus on opportunistic credit strategies.

New York City Taps Doñé to Manage Women And Minority-Owned PE Pledges

The New York City Bureau of Asset Management, which earlier this year added $500 million to the $6 billion that the city already had invested in women and minority-owned investment firms, named Alex Doñé as the bureau’s director of private equity in charge of emerging managers. The Bureau of Asset Management, part of the city’s comptroller’s office, is responsible for managing $115 billion

New York City Pensions Commit $880 Million to Four Funds

The New York City Bureau of Asset Management, which manages $115 billion in assets from the city’s five municipal pension funds, committed an impressive $880 million to four private equity funds, according to recent investment reports and a spokesman at the city comptroller’s office.

The largest of the four commitments was $300 million to Leonard Green & Partners‘ Green Equity Investors VI LP, a private equity fund with a $5 billion target. The Los Angeles-based consumer retail specialist is known for making investments in such high profile companies as Neiman Marcus, J. Crew, Whole Foods, Rite-Aid, Sports Authority, Petco and BJ’s Wholesale.

The fund has been on a fundraising tear…

New York City Plans $2 Billion Secondary Sale

The New York City Bureau of Asset Management, which administers the city’s $119 billion pension system, is set to sell about $2 billion in private equity investments on the secondary market, according to a source not authorized to speak on the record.

Such a sale, which would represent about 15 percent of the system’s $13 billion in private equity commitments, is part of a repositioning of the portfolio to reduce the number of general partners and increase the portion of top-quartile funds, the source said. News of a possible secondary sale was first reported by Bloomberg. The city’s portfolio has $7 billion in invested private equity capital.

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