Friday, 19 December 2014
Last updated 1 hour ago
Jun 10 2008 | 11:45am ET
The $34 billion Pennsylvania State Employees’ Retirement System is beefing up its private equity portfolio with a slew of commitments. The fund has invested a total of $254 million to a slew of p.e. funds.
The system’s board has approved an allocation of up to €25 million (US$39 million) to Avenue Europe Special Situations Fund, $30 million to Dover Street VII, $10 million to Guggenheim Technology Ventures I, $15 million to Vista Equity Partners Fund III, $25 million to Great Hill Equity Partners IV and $30 million to H.I.G. Bayside Debt & LBO Fund II.
The board in April approved a total of $130 million in four funds.
The PSERS was down 4.1% in the first quarter, but preliminary indications are that the first-quarter performance has been almost entirely offset by gains in April and May, according to John Winchester, chief investment officer.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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