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

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note