The board of the $34 billion Pennsylvania State Employees’ Retirement System this week allocated capital to five private equity and real estate shops.
The board authorized commitments of up to €20 million (US$31 million) to Clessidra Capital Partners II, up to €50 million (US$79 million) to Charterhouse Capital Partners IX as a follow-on investment, up to $30 million to InterWest Partners X as a follow-on investment, $9 million to a “sidecar” fund being raised by Battery Ventures VIII, and up to $15 million to Arden Real Estate Fund I.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
According to a survey of 300 executives by Ernst & Young, the world’s biggest companies are poised to increase spending cleantech solutions. More...