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Louisiana Teachers commits $220 million to private equity, real estate
trueLouisiana Teachers' Retirement System made four new commitments totaling up to $220 million.
MainePERS earmarks $50 million to Blackstone Real Estate Advisors
trueMaine Public Employees' Retirement System committed up to $50 million to Blackstone Real Estate Partners Fund VIII, a real estate fund managed by Blackstone Real Estate Advisors.
Helios Investments Partners raises $1.1 billion for third Africa-focused fund
trueHelios Investment Partners is closing its third Africa-focused private equity fund, Helios Investors III, at its $1.1 billion hard cap.
Houston Municipal commits $40 million to 2 private equity funds
trueHouston Municipal Employees Pension System made a total of $40 million in private equity commitments.
Houston Firefighters commits $30 million to 2 funds
trueHouston Firefighters’ Relief & Retirement Fund committed $30 million total to two private equity managers, pending due diligence and contract negotiations.
Preqin: Strong year for private equity fundraising, exit activity
truePrivate equity fundraising continued to be strong in 2014, while the value of buyout deals reached its highest level since 2007 and exits hit an all-time high, said two new reports from alternative investment research firm Preqin.
PennPSERS sells $1.75 billion private equity portfolio to Ardian
truePennsylvania Public School Employees’ Retirement System sold a $1.75 billion portfolio of limited partnership interests in private equity funds to private equity manager Ardian.
Blackstone, TPG open up about hidden fees as SEC pushes transparency
trueTwo of the largest private equity firms are disclosing fees that had largely been hidden as U.S. regulators demand increased transparency from the industry.
University of Kentucky makes $130 million in commitments
trueUniversity of Kentucky approved $130 million in commitments for its $1.2 billion endowment.
Washington state board putting $1.5 billion in private equity, real estate
trueWashington State Investment Board approved four commitments or investments totaling up to $1.5 billion for private equity and real estate.
Spokane Employees commits to OrbiMed royalties fund
trueThe $282 million Spokane (Wash.) Employees' Retirement System committed $6 million to OrbiMed Royalty Opportunities Fund II.
Pension Protection Fund taps 3 private equity managers for energy allocations
truePension Protection Fund, London, hired three private equity managers to run energy allocations.
Assets invested in separate accounts starting to add up
truePrivate equity separate accounts and other alternatives to commingled funds raised nearly half the assets of traditional funds since 2007 as asset owners strive to gain control, manage returns and cut fees paid to private equity managers.
Private equity investors could see more cash back, better returns
truePrivate equity managers are more likely to sell than buy in 2015. This should give investors more cash in their pockets from the expected distributions from these sales. These distributions of capital will help keep private equity's internal rates of return up.
Private equity investors join together to get benefits of separate account
trueNot all institutional investors have the capital to write the significant checks required to start a separate account, so they have created ways to still reap the benefits of those accounts.