Two Pension Funds Commit $1.5 Billion to P.E.

Sep 14 2006 | 12:00am ET

The California Public Employees’ Retirement System has made five private equity fund commitments including $150 million to Carlyle Asia Partners II, $50 million to New Enterprise Associates 12, €100 million ($127 million) to Rhone Capital III, $300 million to Thomas H. Lee Partners Fund VI; and $750 million to TPG Partners V.
 
Meanwhile, The Pennsylvania State Employees’ Retirement System has made three private equity fund commitments, including $50 million to Thomas H. Lee Partners Fund VI, $25 million to Artiman Ventures II and $20 million to Devon Park Bioventures.


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As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.