Hamilton Lane Wins Advisory Job With New York City Teachers

Jul 16 2010 | 5:57am ET

The Teachers’ Retirement System of the City of New York has hired private equity firm Hamilton Lane to serve as its consultant.

The Bala Cynwyd, Pa.-based firm takes over from PCG Asset Management, which remains the consultant for the Big Apple’s other four pension funds. It beat out two other firms, including Cliffwater, for the advisory mandate.

The $37 billion pension is reevaluating its private equity portfolio, Bloomberg News reports. The system currently has $2.5 billion invested in alternatives.

Hamilton Lane chairman Hartley Rogers worked with Lawrence Schloss, the Diamond Castle Holdings founder hired in January to help oversee the city pension funds.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...