Sunday, 24 May 2015
Last updated 1 day 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…