Arizona Commits $995M To Private Equity

Mar 11 2008 | 11:18am ET

The $28 billion Arizona State Retirement System Phoenix is looking to ramp up its $1.4 billion private equity portfolio this year to more than $2 billion.

According to minutes from a recent investment committee meeting, the system expects to commit an additional $995 million to private equity in 2008.

Gary Dokes, chief investment officer, said there is currently $60 million drawn down in the system’s p.e. portfolio, which will increase to $360 million by the end of 2008.

Arizona’s nascent p.e. program began in July 2007 and its p.e. consultants are Ennis Knupp, Meketa Investment Group and Franklin Park Associates.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...