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Blackstone said to be in talks to back new distressed fund
trueBlackstone Group is in talks to back a Hong Kong-based distressed fund started by Jason Brown, a former global head of Goldman Sachs Group special situations group, said two people with knowledge of the matter.
Austin Police Retirement System narrows hedge fund-of-funds search
trueAustin (Texas) Police Retirement System is considering four managers to run $30 million in a hedge fund-of-funds strategy, said Sampson Jordan, CEO of the $622 million pension fund, in an e-mail.
Orchid Asia closes sixth China growth capital fund at US$920 million
trueOrchid Asia Group Management announced Thursday the hard close of Orchid Asia VI, the Hong Kong-based firm's sixth China private equity growth capital fund, at US$920 million.
MassPRIM preps private equity consultant search
trueMassachusetts Pension Reserves Investment Management Board, Boston, will search for a private equity consultant, according to a board meeting summary.
SEC rules Timbervest violated Investment Advisers Act
trueAn SEC administrative law judge ruled Wednesday that institutional timber manager Timbervest LLC violated terms of the Investment Advisers Act of 1940.
JMI Equity closes 8th fund at $1 billion
trueJMI Equity closed its latest private equity fund JMI Equity Fund VIII at $1 billion, besting its $900 million fundraising target, a JMI spokeswoman said.
Institutional investors looking to increase alternatives allocations — Preqin
trueInstitutional investors’ appetite for and satisfaction with alternative investments is high and growing, new survey results from alternative investment industry researcher Preqin showed.
Norges Bank Investment Management restructures investment departments
trueNorges Bank Investment Management has restructured its investment departments in line with a new strategy plan for Norway’s Government Pension Fund Global, Oslo, a spokesman said.
Texas Employees sets 2015 tactical plan for alternatives
trueTexas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1.
SEC: Private fund manager AUM up 22% for year ended May 31
trueRegulatory assets under management by private equity, hedge fund and other private fund managers required to register with the SEC increased 22% to $8.9 trillion in the year ended May 31.
Montana Board of Investment signs 5 fund managers
trueMontana Board of Investments, Helena, made a total of $95 million in alternatives commitments, said materials prepared for the Aug. 19-20 board meeting.
Arizona State Retirement earmarks $90 million to 2 funds
trueArizona State Retirement System, Phoenix, committed $50 million to Veritas Capital Fund V, a middle-market private equity fund managed by Veritas Capital Fund Management, investment committee meeting materials said.
TPG entices investors to $10 billion fund with fee discounts
trueTPG Capital is offering investors discounts on management fees as it tries to raise a $10 billion buyout fund after investing in soured deals including TXU Corp. and Washington Mutual Inc.
CalPERS' real estate consultant cautions the pension fund's investment committee
trueCalPERS' real estate consultant warned fund officials must maintain their "disciplined approach" to underwriting in the "overheated market."
HKMA's head of direct investments for private equity, real estate departs
trueHuh Yong-Hak stepped down on July 23 as head of the Hong Kong Monetary Authority's direct investments in private equity and real estate.