PennSERS Is Trying to Sell up to Half ($3B) of Its PE Assets

By Jonathan Marino — 4 years ago

Things haven’t been going so great over at the Pennsylvania State Employees’ Retirement System. It faces increasing obligations to pensioners, is over-allocated to private equity and has lost staff from its PE investment team. Against that backdrop, the $25 billion pension fund has been seeking buyers for as much as $3 billion worth of its PE investments, one […]


Starwood-led Group Likely To Win Corus Assets

By PEHub Administrator — 6 years ago

NEW YORK (Reuters) – A group of investors including Starwood Capital Group and private equity firm TPG are the likely winner of the auction for assets of failed Corus Bank, a source familiar with the situation said on Friday. The Federal Deposit Insurance Corp (FDIC) is running the auction, which is being watched for its […]