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Montana commits $75 million to alternatives
trueMontana Board of Investments committed $75 million total to four alternatives funds.
CalPERS sells $3 billion in real estate fund interests to Blackstone
trueAs part of a plan to cut the number of external managers and realign its real estate portfolio, CalPERS is selling $3 billion of its investments in 43 real estate funds on the secondary market to Blackstone Group, the $296.7 billion pension fund announced Thursday in a news release.
University of Washington endowment returns 6.8%
trueUniversity of Washington's consolidated endowment fund returned 6.8% in the fiscal year ended June 30, said an investment report posted on the Seattle-based university's website.
CalPERS selects 3 global equity managers to run $6 billion
trueCalPERS hired three global equity managers to run a total of $6 billion and committed $1 billion to a new private equity fund.
Ridgemont Equity Partners II closes at nearly $1 billion
trueRidgemont Equity Partners closed its second private equity fund, Ridgemont Equity Partners II, with nearly $1 billion, reaching its hard cap.
CalPERS' private equity distributions, capital calls dropping in overheated market
trueCalPERS received distributions from private equity partners of $13.3 billion in the 18-month period ended June 30, a figure that is shrinking and expected to continue to shrink even further in coming years, said a review of its private equity program to be discussed at the pension fund’s investment ...
CalPERS private equity returns 8.9% in fiscal year 2015
trueCalPERS reported its private equity portfolio had a one-year net return of 8.9% in fiscal year 2015, trailing its benchmark (67% FTSE U.S. TMI + 33% FTSE All World ex-U.S. TMI plus 3%) by 221 basis points.
Texas Teachers makes 2 private equity commitments
trueTexas Teacher Retirement System made two private equity commitments totaling $60 million in the month of October.
LACERS sets $10 million for new private equity manager, eyes terminating Attucks
trueLos Angeles City Employees’ Retirement System committed up to $10 million to new private equity firm Angeles Equity Partners’ first fund, Angeles Equity Partners I.
Private equity firms plan 2016 pay raises, Preqin finds
trueSome 74% of private equity fund managers raised base salaries firmwide an average of 7% between 2014 and 2015, said a Preqin survey of nearly 200 private equity firms released Thursday.
Fort Lauderdale signs 3 private equity and 2 real estate managers
trueFort Lauderdale (Fla.) General Employees’ Retirement System hired three private equity managers and two real estate managers, each to run $10 million.
Oklahoma City pension fund commits to Warburg Pincus
trueOklahoma City Employee Retirement System committed $10 million to Warburg Pincus Private Equity XII.
Fenway Partners settles charges with SEC alleging failures to disclose conflicts
trueFenway Partners and four of its executives will pay about $10.2 million total to settle charges by the SEC that they failed to disclose conflicted arrangements to a fund client and investors, the Securities and Exchange Commission said in a news release Tuesday.
Lockheed mulling sale of $600 million alternative asset portfolio
trueLockheed Martin Corp., the largest global defense company, is exploring a sale of $600 million in alternative assets to reduce exposure to private equity funds, people with knowledge of the matter said.
Woburn Retirement seeking buyout fund-of-funds manager
trueWoburn (Mass.) Retirement System is searching for a buyout private equity fund-of-funds manager to run up to $3 million.