Castle Harlan Partners III, a private equity limited partnership, committed $60 million to Matrix Capital Management, a start-up holding company that will make equity investments in money management firms, a spokesman said.
Matrix's strategy is to accumulate majority positions in a diversified group of money management firms, the Castle Harlan spokesman said.
Genesco Inc., Nashville, Tenn., added Capital Research and Management's Euro-Pacific Growth Fund to its $34 million 401(k) plan, said Matthew N. Johnson, treasurer. The addition brings the number of options in the plan to six, all run by different managers. LCG Associates and Rogers Co. jointly assisted in the change.
Victorian Energy Industry Superannuation Fund, Melbourne, Australia, hired National Australia Custodian Services as custodian. The A$1.1 billion ($792 million U.S.) fund had used State Street as international custodian and handled domestic custodial duties in-house. The search was the result of a recent merger with the Gas and Fuel Superannuation Fund, which already used National Australia Custodian Services, said Ian Ramsay, general manager.
Towers Perrin assisted.
The $200 million Arizona Pipe Trades Pension Trust, Phoenix, allocated $10 million to NWQ Investment Management for a small-cap equity mandate and another $10 million to Munder Capital Management for midcap equities. Both were existing equity managers.