Tuesday, 31 March 2015
Last updated 2 hours ago
Mar 21 2008 | 11:27am ET
The $166.5 billion California State Teachers’ Retirement System has awarded Invesco Private Capital a $200 million mandate to help manage its New and Next Generation Manager Fund II, a private equity fund of funds.
CalSTRS defines new and next generation managers as those raising their first, second or third institutional funds. Invesco will invest the fund over a five-year period, in buyouts, venture capital and other p.e. funds across a spectrum of stages and industry sectors.
“We have worked with the Invesco Private Capital team during the past three years, and I have worked with general partner Mary Kelley specifically for more than eight years.” said Christopher Ailman, CalSTRS’ chief investment officer. “Invesco will extend our reach and give new and emerging private equity firms direct access to CalSTRS capital.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…