Pension plan partners in private equity
Large public pension funds are hiring private equity managers to run assets in alternative strategic partnerships rather than committing to traditional limited partnerships.
New York City Retirement System committed $600 million to a separate account with Apollo.
New Jersey Division of Investment committed $1.8 billion to a separate account with Blackstone.
Texas Teacher Retirement System committed $3 billion each in separate accounts managed by KKR and Apollo Global Management.
