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Money managers looking good to PE firms
Private equity firms' interest in money manager investments is rising in tandem with the managers' increases in assets under management and revenue.
Something for everyone at Milken conference
A near-term recovery of the global economy was given no better than 50/50 odds by Mohamed El-Erian, CEO and co-chief investment officer of Pacific Investment Management Co. LLC during a packed session of the Milken Institute Global Conference.
Warburg Pincus closes 11th fund at $11.2 billion
Warburg Pincus, a global private equity firm, closed its 11th fund, the $11.2 billion Warburg Pincus Private Equity XI, one of the largest private equity funds raised since the financial crisis.
Carlyle Group AUM rises 3.6% for quarter, nearly 11% from year ago
The Carlyle Group LP reported assets under management of $176.3 billion as of March 31, up 3.6% from the prior quarter and up 10.7% from a year ago.
New York State Teachers looking to fill 2 private equity posts
New York State Teachers' Retirement System, Albany, is seeking candidates for two investment officers to assist in evaluating and selecting private equity managers.
Oaktree target of protest over sale of L.A. Times to Koch brothers
Labor groups are putting pressure on Oaktree Capital Group, the Tribune Co.’s largest shareholder, to prevent the possible sale of the Los Angeles Times to billionaire brothers David and Charles Koch.
Connecticut Retirement Plans opts for BNY Mellon as global custodian
Connecticut Retirement Plans & Trust Funds, Hartford, hired BNY Mellon Asset Servicing as global custodian.
New York State Common commits to ICV Partners III
New York State Common Retirement Fund, Albany, made a $25 million commitment to ICV Partners III.
Adams Street closes Global Secondary Fund 5 at $1 billion
Adams Street Global Secondary Fund 5 closed with $1 billion, confirmed Gary Fencik, partner and head of business development at Adams Street Partners.
Pantheon adds former Verizon exec for defined contribution
Michael Riak was named principal and head of defined contribution at Pantheon Ventures to lead the private equity firm's effort to provide private equity investments to defined contribution plans.
Oregon commits $950 million to private equity, real estate funds
Oregon Investment Council, Tigard, which runs the $61.1 billion Oregon Public Employees Retirement Fund, Salem, committed $950 million to private equity and real estate funds.
Texas County & District puts $155 million with 4 funds
Texas County & District Retirement System committed a total of $155 million to alternative investment managers, bringing the system's April commitments to $255 million.
Wyoming investment board taps 2 for private equity funds of funds
Wyoming State Loan and Investment Board, Cheyenne, hired Hamilton Lane and Neuberger Berman to run $200 million each in private equity funds of funds for the state's $11 billion in permanent funds.
Top endowments, foundations had more equity, less alternatives
The top-performing foundations and endowments in 2012 had the same two things in common — higher equity exposure and lower allocations to alternatives — according to a spotlight report from the Wilshire Trust Universe Comparison Service.
Crestline, Kirchner start unit to focus on underperforming private equity assets
Crestline Investors and Kirchner Group are partnering to launch a new business unit called Crestline-Kirchner Private Equity Group, confirmed officials from both firms Tuesday.