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Arizona Public Safety allocates $458 million to 5 managers
trueArizona Public Safety Personnel Retirement System approved a total of up to $458 million in commitments, direct investments and co-investments.
Illinois Teachers launches large-cap core, private equity consultant searches
trueIllinois Teachers’ Retirement System is searching for a large-cap core equity manager to run between $270 million and $540 million of the pension fund’s $9 billion U.S. equity portfolio.
Norfolk County Retirement looking for energy private equity manager
trueNorfolk County Retirement System, Canton, Mass., is searching for an energy private equity manager to run about $15 million.
PennSERS earmarks $50 million to Francisco Partners fund
truePennsylvania State Employees' Retirement System committed up to $50 million to Francisco Partners IV, said Pamela Hile, spokeswoman for the $28 billion pension fund.
Landmark Partners closes 15th fund at $3.25 billion
trueLandmark Partners closed its Landmark Equity Partners XV with $3.25 billion.
Kansas Public Employees charts currency overlay search, commits $240 million
trueKansas Public Employees Retirement System will issue an RFP for a firm to provide currency overlay management services in the second half of 2015.
San Francisco City & County earmarks $50 million to American Securities fund
trueSan Francisco City & County Employees’ Retirement System approved committing up to $50 million to a $5 billion buyout fund managed by American Securities.
San Francisco City & County names consultant finalists
trueSan Francisco City & County Employees' Retirement System narrowed to four the list of candidates in its search for a general consultant.
Rhode Island commits to private equity, terminates hedge fund investment
trueRhode Island State Investment Commission committed up to $110 million total to three private equity funds and terminated a $60 million hedge fund investment.
Forecasting capital calls proves challenging for pension funds
trueA CalPERS-sponsored study on treasury management finds that only 38% of pension funds responding said they are confident in their ability to accurately forecast cash needs for private investments beyond 30 days.
Ex-CalPERS executive Villalobos facing corruption trial dies
trueAlfred Villalobos, a former California Public Employees' Retirement System board member scheduled to stand trial next month for conspiracy and bribery charges, has died in a Nevada gun club.
TowerBrook selling 10% stake to Wafra Strategic Investors
trueWafra Strategic Investors is buying a 10% passive interest in TowerBrook Capital Partners.
SEC prioritizes market risks for 2015, will continue to review private equity fees
trueSEC compliance officials will spend 2015 focused on protecting retail investors' retirement savings and assessing market risks
American Securities raises $5 billion private equity fund in 4 months
trueAmerican Securities closed its seventh and largest private equity fund, American Securities Partners VII, at $5 billion, which reached its hard cap and is well above its $4 billion fundraising target.
Louisiana Teachers commits $220 million to private equity, real estate
trueLouisiana Teachers' Retirement System made four new commitments totaling up to $220 million.