Thursday, 26 November 2015
Last updated 12 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…