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Steps to deal with emerging risks of stranded assets
trueChanges in environmental regulations and technologies could quickly erode the value of assets in various sectors including energy and real estate. Ben Caldecott, a professor at Oxford University, offers steps to deal with emerging risks of so-called "stranded assets."
EIG closes latest fund at $6 billion
trueEIG Global Energy Partners closed its largest fund, the $6 billion Energy Fund XVI, surpassing its $4.25 billion fundraising target and hitting its hard cap.
Pegasus lifts Rabobank renewable infrastructure team
trueRon Klein, Marco Krapels and Edward Levin — a renewable infrastructure team from investment bank Rabobank — joined private equity firm Pegasus Capital Advisors.
Washington State Investment Board commits up to $650 million
trueWashington State Investment Board made four new commitments totaling up to $650 million.
Brown University decides against divesting from coal
trueCorporation of Brown University, Providence, R.I., opted against divesting from coal-related companies at its Oct. 26 meeting.
Group of institutional investors urges top oil, power companies to tap clean energy
trueA group of 71 institutional investors worldwide launched a coordinated effort targeting 45 of the world's top fossil fuel and power companies, calling on them to shift to greener energy sources or return capital to shareholders.
University of Michigan commits to 4 funds, picks Fischer Francis for TIPS
trueUniversity of Michigan, Ann Arbor, will invest up to $35 million from its $8.5 billion long-term endowment portfolio in long/short equity hedge fund Brenner West Capital Partners, managed by Brenner West Capital Advisors.
MainePERS commits to energy, credit funds
trueMaine Public Employees Retirement System committed up to $100 million to First Reserve Energy Infrastructure Fund II.
Massachusetts bill would force MassPRIM to divest fossil fuel investments
trueThe Massachusetts Legislature held its first hearing this week on a bill directing the Massachusetts Pension Reserves Investment Management Board, Boston, to divest companies that produce, distribute and support fossil fuels.
New Mexico PERA puts $15 million into energy co-investment fund
trueNew Mexico Public Employees Retirement Association, Santa Fe, committed up to $15 million to Denham Capital Management’s DCPF VI Co-investment fund.
Is private equity investment in the energy sector getting too hot?
trueThe energy industry is large, complex, capital intensive, global and growing — all important characteristics that have captured the attention and, more importantly, the capital of private equity investors worldwide.
Colorado Fire & Police earmarks $55 million for 4 private equity funds
trueColorado Fire & Police Pension Association committed a total of $55 million to four private equity funds.
Tennessee Consolidated commits to oil and gas fund
trueTennessee Consolidated Retirement System committed $50 million to DCPF VI Oil and Gas Co-Investment Fund.
Virginia Retirement System commits $737 million to private equity, real assets managers
trueVirginia Retirement System, Richmond, committed $487 million to private equity and $250 million to real assets, according to presentations made at Thursday's board of directors meeting.
New Mexico PERA eyes real estate, energy commitments
trueNew Mexico Public Employees Retirement Association's board on June 27 is scheduled to decide whether to commit £26 million ($40.3 million) to DRC Capital European Real Estate Debt Fund II, and $35 million to Lime Rock Resources Fund III, an energy fund managed by Lime Rock Partners.