Public pensions

Norges Bank excludes a further 15 bond issues for coal exposure

Norges Bank excludes a further 15 bond issues for coal exposure

Norges Bank will exclude 15 bond issuers, including five U.S. companies, from the Government Pension Fund Global based on coal product exposure.

December 21, 2016 | 11:43 am

Vermont slates $30 million for HarbourVest fund of funds

Vermont Pension Investment Committee, Montpelier, committed $30 million to HarbourVest International Private Equity Partners VIII, a buyout fund of funds focused outside the U.S.

December 21, 2016 | 11:34 am
CalPERS committee approves cutting rate of return to 7% over 3 years

CalPERS committee approves cutting rate of return to 7% over 3 years

A key CalPERS committee approved a plan Tuesday to reduce the pension fund's rate of return to 7% over a three-year period from the current 7.5%.

December 20, 2016 | 08:47 pm

Michigan Retirement Systems allocates $1.15 billion

Michigan Department of Treasury, Bureau of Investments, committed a total of $1.15 billion to 10 new and three existing private investment strategies in the quarter ended Sept. 30 on behalf of the...

December 20, 2016 | 04:28 pm

Denver puts $15 million with Adams Street private equity fund of funds

Denver Employees Retirement Plan committed $15 million to Adams Street Partners’ 2017 private equity fund of funds.

December 20, 2016 | 04:02 pm
HPS Investment Partners closes third mezzanine fund at $6.6 billion

HPS Investment Partners closes third mezzanine fund at $6.6 billion

HPS Investment Partners announced Tuesday it has closed the $6.6 billion Mezzanine Partners Fund III, above its $5.5 billion target.

December 20, 2016 | 03:34 pm

Dallas Employees commits $30 million to secondary fund

Dallas Employees’ Retirement Fund commit $30 million to Hamilton Lane Secondary Fund IV, a private equity fund.

December 20, 2016 | 11:23 am
Kohlberg Investors VIII closes at $2.2 billion

Kohlberg Investors VIII closes at $2.2 billion

Kohlberg & Co. closed Kohlberg Investors VIII at its $2.2 billion hard cap, the private equity firm says.

December 19, 2016 | 02:54 pm
CalPERS reduces global, private equity allocations, expands tobacco investments ban

CalPERS reduces global, private equity allocations, expands tobacco investments ban

CalPERS says its investment committee cut the Sacramento-based pension fund's target global equity allocation by 5 percentage points to 46% while also reducing the private equity allocation to 8% of...

December 19, 2016 | 04:31 pm

Hawaii Employees lowers assumed rate of return to 7%

Hawaii Employees’ Retirement System, Honolulu, lowered its assumed rate of return to 7%, effective July 1, said Thomas Williams, executive director of the $14 billion pension fund.

December 19, 2016 | 05:37 pm
Dallas police and fire members reject pension reform

Dallas police and fire members reject pension reform

Dallas police and firefighters rejected the $2.3 billion Dallas Police & Fire Pension System's proposed benefit changes in a two-week election that ended Saturday.

December 19, 2016 | 04:11 pm

Hilton Head Island chooses Empower as new record keeper

Hilton Head Island, S.C., hired Empower Retirement as record keeper for its defined contribution and retirement health savings plans, with $29.4 million in combined assets.

December 19, 2016 | 04:25 pm

Berkshire Pension Fund makes seed investment in U.K. university innovation fund

Royal County of Berkshire Pension Fund, Maidenhead, England, committed £15 million ($18.9 million) and is the seed investor in a new strategy to direct institutional capital into the...

December 19, 2016 | 03:38 pm

Oklahoma Firefighters sets $25 million for real estate fund of funds

Oklahoma Firefighters Pension & Retirement System, Oklahoma City, committed $25 million to Portfolio Advisors Real Estate Fund VI, a real estate fund of funds.

December 19, 2016 | 03:52 pm

New Hampshire commits $50 million to HarbourVest fund of funds

New Hampshire Retirement System, Concord, committed $50 million to HarbourVest International Private Equity Partners VIII, a buyout fund of funds focused outside the U.S. and managed by HarbourVest...

December 19, 2016 | 03:45 pm