U.S. Pension Fund Aims $400M At PE Deals
The Texas Municipal Retirement System is making a big push into private equity co-investments after voting to double its private equity investment pace earlier this year. The Austin-based pension system manages $29.9B in pension assets for city employees across Texas.
U.S. Pension System Ramps Up Co-Investing
Fallout from the coronavirus pandemic failed to slow a push into private equity co-investments by one of California’s largest public pension plans during this year’s first half. The $253.6B California State Teachers’ Retirement System ramped up commitments to both co-investing alongside fund general partners and to opportunistic debt funds.
Family Office CIO Role 'Is Rapidly Evolving': Brendan MacMillan, Akkad Capital Partners | Exclusive Q&A
Brendan MacMillan is chief investment officer at Akkad Capital Partners, a single-family office based in New York. In this interview, MacMillan discusses why risk management is the integral component to family office investing and how family offices pioneer new strategies that are later adopted by other institution types.
Happy 150th Birthday Canada
Cheers from the Team at Black Swan Dexteritas, Tech Hedge Fund. Enjoy and stay safe !!!<br />
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Ohio PERS Hires LaSalle For Co-investments Separate Account
<p>Ohio Public Employees Retirement System has established a separate account dedicated to real estate co-investments.</p>
<p>The pension fund confirmed to IPE Real Estate that it has hired LaSalle Investment Management for the mandate.</p>
Japan's GPIF To Hire 'Gatekeepers' Before Looking At Co-Investments, Funds
Japan’s ¥145 trillion (€1.24 trillion) Government Pension Investment Fund (GPIF), which plans to begin investing in global real estate and infrastructure, will focus on hiring fund-of-funds managers and “gatekeepers” before moving onto co-investments and specific fund investments.
APICORP Partners With Goldman Sachs For Global Energy Co-Investments
The Arab Petroleum Investments Corporation (APICORP) has announced the signing of an agreement with Goldman Sachs for the creation of an investment partnership vehicle aimed at pursuing global energy co-investments alongside Goldman Sachsâ West Street Capital Partners VII funds.
University of California Fund to Double Private-Equity Holdings
The University of California plans to double the endowment’s investments in private equity and trim stock holdings, the latest move as it tries to improve performance.<br />
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The $9.9 billion endowment had a 7.1 percent investment gain for the six months through Dec. 31, propelled by global stocks and private equity.<br />
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Endowments of all sizes gained a median 4.4 percent in the same time, according to Wilshire Trust Universe Comparison Service, a database provided by Wilshire Associates.
Co-Investments In Private Equity: The SEC’s Focus On Disclosure
The trend of utilizing co-investments in private equity continues to grow. A Special Report by Preqin found that 69% of the 320 sponsors surveyed offered co-investment rights to their limited partners, with another 18% considering offering co-investment rights in the future.
Vietnamese Government VC Fund Plans To Co-Invest With Private VCs
Vietnam is keeping its intention to establish a government venture capital (VC) fund and aims to co-invest in local startups with private VC firms, a government official said on Wednesday.