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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.
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.
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.
Houston Municipal commits to 2 private equity funds
trueHouston Municipal Employees Pension System, made two new private equity commitments totaling $45 million.
Luck of the Irish ... Canadian style
trueOntario Teachers' Pension Plan is taking a chance on the Irish lottery.
CHAMP Private Equity names first CEO
trueJohn Haddock, a managing director with Australia's CHAMP Private Equity, was named CEO as well Friday.
Fortress Investment's assets rise 6.5% in 4th quarter, 15.5% for the year
trueFortress Investment Group's assets under management rose to $61.8 billion as of Dec. 31, up 6.5% from three months earlier and up 15.5% from a year earlier.
Nashville & Davidson County commits $170 million to 4 managers
trueNashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund made five new commitments totaling up to $170 million, confirmed Fadi BouSamra, chief investment officer.
Alaska Permanent commits $200 million to power infrastructure fund
trueAlaska Permanent Fund Corp., Juneau, committed $200 million to LS Power Equity Partners III, a private equity infrastructure fund managed by LS Power Equity Advisors that invests in operating power plants, according to a transaction report of investments made since the Nov. 20-21 board meeting.
Wayne County earmarks $90 million for 5 managers
trueWayne County Employees’ Retirement System, Detroit, made a total of $90 million in new commitments, according to recently released board meeting minutes.
LS Power Equity closes 3rd private equity fund
trueLS Power Equity Advisors closed its third private equity fund, the LS Power Equity Partners III, at a hard cap of $2.08 billion, exceeding the initial fundraising target of $1.5 billion, according to a spokesman.
Los Angeles City Employees commits $40 million to private equity energy fund
trueLos Angeles City Employees’ Retirement System committed up to $40 million to private equity fund Energy Capital Partners III, a buyout fund that invests in large energy companies and has a $5 billion target, according to materials on the $11.9 billion pension fund’s website.