Toby Mitchenall & Jonathan Brasse
Texas Municipal Retirement System is a holdout no longer. The board of the $24 billion retirement system approved the hiring of StepStone last week to advise on the construction of a $1.2 billion portfolio of private equity investments over the next five years.
PRIVATE EQUITY FIRMS Baceline Investments has hired Marty Turco as director of business development. Turco is a former NHL player who served as a goaltender at a number of teams that included the Dallas Stars. Balderton Capital has hired Nicolas Debock as a principal. Previously, Debock worked at French venture firm XAnge. Castanea Partners has […]
Sharing wisdom gleaned as a senior executive at HGGC after his years as a Super Bowl-winning quarterback for the San Francisco 49ers, Steve Young told private equity pros to huddle, embrace change and find out how good they could be at the PartnerConnect West conference Oct. 7, 2014.
Dixon Doll, co-founder and general partner at DCM, speaks at the LP GP Summit in New York Sept 18, 2014.
Jim Breyer, founder and CEO of Breyer Capital and a partner at Accel Partners, speaks at the LP GP Summit in New York on Sept. 18, 2014.
Allstate Investments,which manages investments on behalf of the insurance giant, plans to expand its alternatives portfolio over the next several years in part by building its investment team to execute more co-investments, Senior Managing Director Russell Mayerfeld told Buyouts.
The California Public Employees’ Retirement System said on Wednesday, Oct. 8 that it would employ GCM Grosvenor to run its new $200 million private equity emerging manager commitment, according to Reuters news service.
The Virginia Retirement System has committed a total of $800 million to private equity separate accounts managed by Grosvenor Capital Management and Asia Alternatives, spokeswoman Jeanne Chenault told Buyouts in an email.
Many limited partners claim to adhere to a policy of sticking to core managers. But few have executed on that policy with the level of consistency demonstrated by the Chicago Teachers’ Pension Fund.
Rui Ma of 500 Startups talks to Reuters' Jon Gordon about where she sees the most promise in China. China concept photo courtesy of ShutterStock