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.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.