Newsmakers
Alternatives Are Moving New Jersey’s Funding Needle
How the floundering pension employed them to better its funding status during a rough 2018.
Tag: Private Equity
Apollo Is Converting to C Corp Structure
By moving from a partnership setup, the PE firm expects its stock will be bought by indexes and mutual funds.
As GP-Led Secondaries Grow, Investors Seek Transparency
GP-led secondaries had a record-breaking 2018, but new guidelines from ILPA show that investors want more information and more time to consider the deals.
Alternatives
Washington State Investment Board Commits More than $2 Billion to Private Equity
The latest commitments are part of efforts by the system’s investment staff to maintain a large percentage of plan assets in private markets.
Alternatives
Texas Teachers’ Shoulders Its Way into Blackstone’s Behemoth Private Equity Fund
Sizable commitment shows the pair’s years-long relationship has no signs of fraying.
Canadian Pensions in $3.4 Billion Bid for Inmarsat
CPPIB, OTTP join consortium to acquire satellite telecommunications firm.
Alternatives
Oregon’s CIO Prepares ‘Snarky Remark’ to Defend Millions in Fees to Fund Managers
Skjervem says the state would be billions of dollars worse off if not for these funds.
CalPERS Investment Committee Approves Private Equity Plan at Urging of the CIO
New CIO Ben Meng says system can’t access ‘private equity exposure on the scale that we need.’
CalPERS Approves New Private Equity Investment Organizations
The pension system would invest up to $20 billion in direct style private equity investments, but it’s unclear when the plan could start.
Corporate Moves
Tiger Private Equity Head to Exit in June
Low-key investor Lee Fixel reaped big winnings from Flipkart, Spotify bets.
Newsmakers
NYC Pension Boosts Private Equity Program by $600 Million
Increase raises total assets in emerging managers initiative to $8.8 billion.
CalPERS Direct-Style Private Equity Plan Comes Up for a Vote March 18
The largest US pension plan aims to break new ground with a program to expand its private equity asset class.
Corporate Moves
Future Fund Names New Private Equity Head
Hire ran global PE division at National Australia Bank’s investment arm.
Asset Allocation
Exclusive: Los Angeles Water and Power CIO Explains Strategy Behind Its ‘Young’ Private Equity Portfolio
Pension gears up $400 million pacing plan for the 12-year-old allocation.