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New Mexico Educational to look for private equity consultant
trueNew Mexico Educational Retirement Board plans to launch an RFP for a private equity consultant.
Pomona Capital closes 8th secondary private equity fund at $1.75 billion
truePomona Capital closed its eighth private equity fund that will invest on the secondary market, hitting its $1.75 billion hard cap.
Manchester Employees' Contributory makes 2 private equity commitments
trueManchester (N.H.) Employees' Contributory Retirement System made two new private equity commitments totaling $9 million.
Arkansas Teachers earmarks $85 million for real estate, private equity
trueArkansas Teacher Retirement System, Little Rock, made new real estate and private equity commitments totaling up to $85 million.
Iowa Municipal Fire & Police earmarks $100 million to 3 private equity funds of funds
trueIowa Municipal Fire & Police Retirement System committed $100 million total to three private equity funds of funds.
TIAA-CREF buys Nuveen Investments for $6.25 billion
trueTIAA-CREF is acquiring Nuveen Investments from an investor group led by private equity investment firm Madison Dearborn Partners for $6.25 billion, which includes Nuveen's outstanding debt.
MainePERS commits $380 million to 6 funds
trueMaine Public Employees’ Retirement System, Augusta, made six new commitments totaling up to $380 million.
Carlyle Group adds head of private client group
trueJeffrey C. Holland was named managing director and head of the private client group at Carlyle Group, according to a news release.
Providence Debt Fund III closes well above $1 billion fundraising target
trueProvidence Debt Fund III was closed at $1.75 billion by Benefit Street Partners, the fund's manager.
Texas County & District commits to Column Group biotech startup fund
trueTexas County & District Retirement System committed $15 million to The Column Group II.
Singapore's Temasek launches private equity co-investment fund
trueTemasek, Singapore's sovereign wealth fund, Wednesday announced the launch of a co-investment vehicle to provide opportunities for like-minded institutional investors and, eventually, Singapore retail investors as well, to benefit from Temasek's private equity investment activities.
SEC internal review finds bogus fees paid to private equity firms
trueA majority of private equity firms inflate fees and expenses charged to companies in which they hold stakes, according to an internal review by the Securities and Exchange Commission, raising the prospect of a wave of sanctions by the agency.
Bethlehem Pension Fund scouts for private equity fund of funds
trueBethlehem (Pa.) Aggregated Pension Fund is seeking up to two managers to run a total of approximately $10 million in private equity funds of funds.
SEC adds private fund team to examination division
trueThe SEC is adding private fund expertise to its examination team.
Preqin: Hedge fund and private equity managers not in rush to market funds
truePrivate equity and hedge fund managers have yet to take advantage of the loosening of marketing restrictions in the JOBS Act signed by President Barack Obama in April 2012, according to a survey by Preqin.