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Louisiana Firefighters puts $15 million in buyout fund
trueLouisiana Firefighters’ Retirement System, Baton Rouge, committed $15 million to CCMP Capital Investors III, a buyout fund managed by CCMP Capital Advisors, said recently released board meeting minutes.
University of Michigan earmarks $102 million; returns 18.8% in FY
trueUniversity of Michigan, Ann Arbor, committed a total of $101.8 million to five alternative investment funds and one co-investment opportunity, and also reported its fiscal year returns.
Virginia Retirement System commits $700 million to 3 managers
trueVirginia Retirement System, Richmond, committed $500 million to private equity and $200 million to real estate in recent weeks.
Blackstone's AUM up 15% for the year
trueBlackstone Group's assets under management totaled $284 billion as of Sept. 30, up 1.8% from $279 billion in the second quarter and up 15% from the previous year, the alternative investment firm reported Thursday.
Texas Teachers is top private equity performer — report
trueTexas Teacher Retirement System had the best 10-year annualized private equity returns among public pension funds for the end of fiscal year 2013, a report from the Private Equity Growth Capital Council said.
Texas County & District puts $50 million in Asia private equity
trueTexas County & District Retirement System, Austin, committed $50 million to Baring Asia Private Equity Fund VI, said Russ Rhea, spokesman for the $23 billion pension fund, in an e-mail.
Germany's BVK favors buyout, hedge funds
trueGermany’s biggest public pension fund plans to invest more in private equity and hedge funds and reduce its bond holdings as low interest rates curb returns.
Vista Equity Partners closes fifth fund at $5.78 billion
trueVista Equity Partners closed its largest private equity fund, Vista Equity Partners Fund V, at $5.78 billion, said a news release from the money manager.
Former IFC CIO joins Morgan Stanley Alternative Investment Partners
trueDavid Wilton has joined Morgan Stanley Alternative Investment Partners as managing director, said Matt Burkhard, spokesman.
World Bank seeks investors for infrastructure with new platform
trueThe World Bank is seeking to help developing countries find money for infrastructure projects with a platform that aims to make them attractive to investors such as pension funds.
Woburn, Mass., seeks private equity co-investment
trueWoburn (Mass.) Retirement System is searching for a private equity manager to run up to $5 million.
Quebec's Caisse to invest up to $500 million in Mexican real estate
trueCaisse de Depot et Placement du Quebec, Montreal, through its Ivanhoe Cambridge real estate subsidiary, will invest up to US$500 million in mixed-use real estate in Mexican cities.
Study shows returns of listed REITs beat other asset classes
trueReal estate investment trusts offered the highest net return of all asset classes for 900 corporate and public defined benefit plans between 1998 and 2011, says a soon-to-be-released study by research firm CEM Benchmarking Inc.
CalPERS gives OK to increase commitments to 3 managers
trueCalPERS' investment committee has cleared the way for the pension fund's private equity staff to make more investments with its three largest private equity partners, Apollo Global Management, Carlyle Group and Blackstone Group, allowing billions of dollars more to go to the private equity giants.
Private equity performance not dictated by how fast capital called — study
truePrivate equity funds that called a greater percentage of capital than other funds in the same vintage year did not outperform their peers, a new study shows.