The state’s legislature has increased the Florida State Board of Administration’s allowable allocation to private equity and venture capital from 5 percent to 10 percent. The pension fund is also launching an infrastructure platform.
1 min read · 22 January 2013
Alternative assets managed by the world’s top 99 investment managers on behalf of pension funds grew by 40 percent over the past year, according to consulting firm Watson Wyatt.
2 min read · 22 January 2013
Alternative assets managed by the world’s top 99 investment managers on behalf of pension funds grew by 40 percent over the past year, according to consulting firm Watson Wyatt. Real estate managers occupied the top nine positions, managing 62 percent of pension fund assets.
2 min read · 22 January 2013
The New York Common Retirement Fund, the third largest in the US, has made public recent commitments to CVC Capital Partners’s recently closed mega-fund and Leichtman Capital Partners mid-market fund, which is targeting $1bn.
1 min read · 22 January 2013
Following its real estate and private equity target increases early this year, the $38 billion Maryland State Retirement and Pension System has made commitments to three funds.
1 min read · 22 January 2013
The largest single-purpose pension in Canada, CPPIB, has been hit by turbulence in the public equities and REITs markets. However, returns for private equity and real estate are holding steady, while infrastructure has proven the strongest asset class.
2 min read · 22 January 2013
The country’s government pension fund will invest about $650m in global private equity and real estate in the coming months.
2 min read · 22 January 2013
Former Los Angeles City Employees Retirement System general manager Robert Aguallo has moved to the private sector joining infrastructure investors Cardinal Americas.
2 min read · 22 January 2013
The $34 billion Pennsylvania State Employees’ Retirement System announces four new private equity and real estate commitments. The pension plan, which represents more than 215,000 members, has now reached its target allocation for the two asset classes.
1 min read · 22 January 2013
The challenges of running sophisticated alternative investment platforms beneath government umbrellas – from retaining talent to enduring criticism over private equity allocations – were among topics broached today by a panel of heavy-hitting LPs.
2 min read · 22 January 2013
