Tuesday, 5 May 2015
Last updated 9 hours ago
Jul 31 2007 | 1:55pm ET
The $33 billion Pennsylvania State Employees' Retirement has approved a total allocation of $58.6 million to three private equity firms.
The board approved up to $30 million to Advent Latin American Private Equity Fund IV, up to $15 million to PNC Equity Partners II. and up to €10 million (US$13.6 million) to Alpha Private Equity Fund 5, as a follow-on commitment. The board previously had approved a €60 million (US$81.9 million) commitment to the same fund. Investments will be funded from cash as part of SERS’ long-term investment plan.
In other PA SERS news, its board voted to retain Cambridge Associates LLC as its consultant for alternative investments (private equity and venture capital) for an additional five years. Cambridge’s current contract expires next year. The decision to retain Cambridge concludes an RFP process.
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…