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ASB Real Estate hires new head of client services
trueClyde W. Robinson Jr. was named managing director and head of client services at ASB Real Estate Investments.
Canadian pension fund, manager take part in large PetSmart, Riverbed deals
trueCaisse de Depot et Placement du Quebec, Montreal, was part of the consortium led by private equity firm BC Partners to buy PetSmart Inc., the largest pet store chain in the U.S., for about US$8.3 billion in the biggest leveraged buyout deal for an American company this year.
New Mexico Educational chalks up 2 commitments
trueNew Mexico Educational Retirement Board committed $70 million to two alternative investment strategies.
Largest private equity-backed deals in 2014
trueBC Partners' proposed $8.7 billion leveraged buyout of PetSmart over the weekened was the third-largest private equity-backed deal announced in 2014. The deal was the largest leveraged buyout of 2014, eclipsing Blackstone's $5.4 billion purchase of Gates Global.
BlueBay Asset Management adds emerging markets portfolio manager
trueJana Velebova joined global fixed income and credit specialist BlueBay Asset Management as an emerging markets portfolio manager.
OCERS launches collaborative search for energy market dislocation strategy
trueOrange County Employees Retirement System is searching for a manager to run a portfolio “that can favorably exploit the recent meltdown in global petroleum markets.”
Alaska Permanent Fund makes a total of $1.45 billion in commitments
trueAlaska Permanent Fund Corp. announced four new commitments totaling $900 million in Dec. 10-11 board meeting materials.
Indiana Public Retirement slates $175 million for Blackstone, Hellman & Friedman
trueIndiana Public Retirement System committed $100 million to Blackstone Property Partners, a real estate fund managed by Blackstone Real Estate Investors, and $75 million to Hellman & Friedman Capital Partners VIII, a private equity fund.
HFR: New hedge fund launches slow in Q3
trueNew hedge fund launches totaled 240 in the third quarter of 2014, the lowest since the third quarter a year ago, according to a release by Hedge Fund Research.
CalSTRS slates $75 million for Littlejohn buyout fund
trueCalifornia State Teachers’ Retirement System committed $75 million to Littlejohn Fund V, a buyout fund run by private equity firm Littlejohn & Co..
Illinois Teachers taps new real estate consultant, makes several new hires, commitments
trueIllinois Teachers' Retirement System hired Courtland Partners as consultant for its $5.7 billion real estate portfolio at a board meeting Thursday.
Private equity, venture capital returns outpace public equities in first 6 months — report
trueU.S. private equity and venture capital funds outperformed public equity in the first half of 2014, said a report from Cambridge Associates.
Illinois Teachers preps private equity consultant, emerging markets manager searches
trueIllinois Teachers' Retirement System will search for a private equity consultant and an additional active emerging markets equity manager in 2015.
Chattanooga Fire and Police chooses Siguler Guff real estate fund of funds
trueChattanooga (Tenn.) Fire and Police Pension Fund committed $8 million to Siguler Guff Distressed Real Estate Opportunities Fund II, a real estate fund of funds managed by Siguler Guff & Co..
Stanislaus County commits $60 million to 3 real estate funds
trueStanislaus County Employees' Retirement Association made three real estate commitments totaling $60 million.