Friday, 29 August 2014
Last updated 14 hours ago
Sep 19 2007 | 2:18pm ET
The $34 billion Pennsylvania State Employees’ Retirement System last week approved six private equity commitments totaling some $181 million.
PA SERS’ board approved follow-on investments of up to up to $10 million to Avenue Special Situations Fund V in addition to a previous $60 million commitment, up to $100 million in aggregate to Bain Capital Fund X and Bain Capital X Coinvestment Fund, up to $25 million to Ignition Venture Partners IV, up to $1.2 million to purchase a secondary interest in Meritech Capital Partners II in addition to a previous $24.6 million commitment to the same fund, and up to $25 million to TPG Asia V.
Finally, the board also committed up to $20 million to Segulah IV.
The private equity investments will be funded from cash as part of PA SERS’ long-term investment plan.
Also, the board has agreed to hire Credit Suisse Securities Customized Fund Group to help its investment staff in managing PA SERS’ private equity/venture capital investment portfolio.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...