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CalSTRS searching for private equity help
trueCalSTRS is searching for up to three private equity program consultants.
Arkansas Local Police and Fire earmarks combined $40 million for 2 funds
trueArkansas Local Police and Fire Retirement System, Little Rock, committed $20 million to KKR.
New York State Common earmarks $10 million for in-state private equity
trueNew York State Common Retirement Fund, Albany, made a $10 million commitment to Tribeca Venture Partners through the pension fund's in-state private equity program, confirmed, Nikki Jones, a spokesman for state Comptroller Thomas DiNapoli, the sole trustee of the $173.2 billion pension fund.
Preqin: Private equity funds-of-funds offerings and fundraising drop in 2013
trueThe number of private equity funds of funds raised in 2013 dropped 17% to 72 from 87 in 2012, while the total amount of capital raised fell 25% to $12 billion from $16 billion, according to data released on Thursday by alternative investment research firm Preqin.
El Paso fire and police pension fund approves $5 million for private equity
trueEl Paso (Texas) Firemen & Policemen Pension Fund committed $5 million to private equity fund Riverside Micro-Cap Fund III, managed by Riverside Co., confirmed Yolanda Carreon, deputy executive director.
Alaska Permanent commits $418 million to custom U.K. real estate separate account
trueAlaska Permanent Fund Corp., Juneau, committed £250 million ($418 million) to LaSalle Investment Management to run a custom U.K. real estate separate account, confirmed spokeswoman Laura Achee.
KKR expands energy, infrastructure team to Sydney, Singapore
trueTony Schultz has joined KKR & Co. in Sydney as a managing director on the alternative investment giant's global energy and infrastructure team.
Private equity and venture capital top 15% for yearly returns, trail public markets
truePrivate equity returned 5.1% for the quarter and 17.2% for the year ended Sept. 30, while venture capital earned 6.5% and 15.1%, respectively, during the same time periods, mostly underperforming the public markets, according to data released Wednesday by Cambridge Associates.
KKR closes first energy fund
trueKKR closed its first dedicated energy fund, raising a total of $2 billion in KKR Energy Income and Growth Fund I and co-investment vehicles, exceeding its $1.5 billion target.
New managing director joins OMERS Ventures
trueKent Thexton was named managing director at OMERS Ventures, the venture capital investment arm of the C$65.1 billion (US$58.9 billion) Ontario Municipal Employees Retirement System.
Wisconsin state board, alumni group hire general partner to lead venture capital fund
trueGreg Robinson was named general partner of 4490 Ventures, a newly formed venture capital fund created by the $101.3 billion State of Wisconsin Investment Board and the $2.5 billion Wisconsin Alumni Research Foundation that is focused on seed and early stage investments primarily in Wisconsin ...
Sprott Asset Management makes co-CIO new executive officer
trueJohn Wilson was named CEO of Sprott Asset Management, Sprott Inc.'s mutual fund and hedge fund subsidiary.
Minnesota State Board of Investment commits $500 million to three funds
trueMinnesota State Board of Investment, St. Paul, on Tuesday approved committing a total of up to $500 million to three alternatives funds, subject to negotiation and final agreements.
Supreme Court declines to intervene in Sun Capital pension liability case
trueThe Supreme Court declined on Monday to intervene in a case challenging whether private equity firms could be liable for pension liabilities of portfolio companies.
Callan: Hedge funds of funds differ on best underlying holdings
trueThere is a lack of consensus among hedge funds-of-funds managers on the best direct hedge fund holdings, according to the latest Hedge Fund Monitor from Callan Investments Institute.