Public pensions

Baring Private Equity Asia closes sixth fund at $4 billion, 60% higher than Fund V

Baring Private Equity Asia closed its Baring Asia Private Equity Fund VI at about $4 billion, a record amount for the Hong Kong-based firm and up 60% from the prior fund it closed in 2011.

February 25, 2015 | 12:20 pm

Kentucky Retirement Systems drops PIMCO and Pyramis, adds transition manager

Kentucky Retirement Systems hired State Street Global Markets as a transition manager, and terminated PIMCO and Pyramis Global Advisors because of personnel changes at the money...

February 25, 2015 | 04:24 pm

PennPSERS makes $485 million in commitments to 4 private equity funds

Pennsylvania Public School Employees’ Retirement System committed a total of about $485 million to four private equity funds, documents from the $52 billion pension fund show.

February 25, 2015 | 04:15 pm

Pennsylvania Turnpike Commission lands GTAA, hedge fund-of-funds, real estate managers

Pennsylvania Turnpike Commission hired three managers to run global tactical asset allocation, hedge fund-of-funds and real estate strategies for its $300 million retiree medical trust.

February 25, 2015 | 04:02 pm
Quebec's Caisse returns 12% in 2014, surpassing its benchmark

Quebec's Caisse returns 12% in 2014, surpassing its benchmark

Caisse de Depot et Placement du Quebec on Wednesday reported a 12% investment return in 2014, generating C$23.3 billion (US$18.7 billion) in net assets.

February 25, 2015 | 03:25 pm

Oklahoma Police commits to 3 private equity funds

Oklahoma Police Pension & Retirement System approved a total of $22.5 million in private equity commitments.

February 25, 2015 | 01:34 pm

LACERS eyes small-cap emerging manager fund-of-funds search later this year

Los Angeles City Employees’ Retirement System officials plan to issue an RFP at the end of this year for a manager to run $114 million in a U.S. small-cap equity emerging manager fund-of-funds...

February 25, 2015 | 11:04 am

New Jersey committee recommends freezing state pension fund, creating cash balance plan

The New Jersey Pension and Health Benefit Study Commission recommended freezing the $76.8 billion New Jersey Pension Fund and creating a new cash balance plan for current and future participants.

February 24, 2015 | 04:19 pm
N.J. governor's budgeted pension contribution less than half of amount promised

N.J. governor's budgeted pension contribution less than half of amount promised

New Jersey Gov. Chris Christie proposed a fiscal year 2016 budget Tuesday that cuts a promised pension payment by more than half a day after a judge ruled he must contribute an additional $1.6...

February 24, 2015 | 12:26 pm

Denver Employees slates $25 million for real estate debt fund

Denver Employees Retirement Plan committed $25 million to Contrarian Distressed Real Estate Debt Fund III, managed by Contrarian Capital Management.

February 24, 2015 | 03:49 pm

Nashville & Davidson County earmarks $75 million for distressed debt, long/short equity

Nashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund committed $50 million to Oaktree Opportunities Fund X, a distressed debt fund managed by Oaktree...

February 24, 2015 | 04:07 pm

New Britain, Conn., seeks investment consultant for 2 pension funds

New Britain, Conn., is searching for an investment consultant for its Firemen’s Pension Plan and Police Benefit Fund.

February 24, 2015 | 03:52 pm

Ohio PERS to launch 2 consultant searches in the fall

Ohio Public Employees Retirement System plans to search for a general investment consultant and an alternatives investment consultant in the fall of 2015.

February 24, 2015 | 03:45 pm

El Paso fire and police plan commits to Insight Venture Partners co-investment fund

El Paso (Texas) Firemen & Policemen Pension Fund committed $8 million to Insight Venture Partners Growth-Buyout Co-Investment Fund, pending legal review.

February 24, 2015 | 03:35 pm

Kentucky House passes bill to issue $3.3 billion in pension obligation bonds

The Kentucky House of Representatives passed a bill to issue $3.3 billion in pension obligation bonds in fiscal year 2015-2016 to improve the funding of the Kentucky Teachers’ Retirement System.

February 24, 2015 | 03:06 pm