Monday, 2 March 2015
Last updated 36 min ago
Jun 8 2007 | 12:20pm ET
The $33 billion State Employees' Retirement System’s has authorized a slew of alternative investment mandates.
The pension fund will invest up to $25 million to CID Greater China Venture Capital Fund II; up to $40 million to W Capital Partners II, a secondary private equity vehicle; up to $40 million to Audax Private Equity Fund III; up to $50 million to JMI Equity Fund VI, a software and business services p.e. vehicle; up to $150 million to Kelso Investment Associates VIII; up to $30 million to Pitango Venture Capital Fund V; and up to $40 million to Sterling Capital Partners III.
In other, unrelated PA SERS news, both Executive Director Eric Henry and Chief Investment Officer Peter Gilbert have resigned. Henry is moving to the Texas Municipal Retirement System as executive director, while Gilbert is retiring to become CIO for Lehigh University Endowment Fund.
The board named Leonard Knepp, its current director of audits, reporting and compliance, to serve as acting executive director until a permanent successor can be chosen, and has retained EFL Associates of Greenwood Village, Colo. to aid in the search for candidates to fill both positions, which it hopes to do by the fall.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…