PE Tech Report

Flows

CalPERS sells $6bn of PE stakes at 10% discount

The California Public Employees’ Retirement System has freed up cash for new investments by offloading about $6 billion in private equity stakes in secondary transactions, according to a report by Pensions & Investments. The move comes after the $441.7 billion public pension fund appointed Jefferies Financial to rationalise its portfolio,

Apollo Global secures $1.5bn commitment from Japan’s Sumitomo Mitsui Trust

Apollo Global Management has secured an investment allocation of $1.5 billion from Japan’s Sumitomo Mitsui Trust Holdings to a range of funds covering private equity and real estate to infrastructure, according to a report by Private Equity Insights. The allocation is part of total third-party capital investment of more than

Mass PRIM allocates $150m to Sequoia China funds

Four funds managed by Sequoia Capital China have secured a commitment of up to $150 million from the Massachusetts Pension Reserves Investment Trust (Mass PRIM), according to a report by Deal Street Asia. Sequoia Capital China Seed II will get $8.2 million, while $18.8 million will be allocated to Sequoia

Vervoer makes $300m committent to ILX Fund I

Pensioenfonds Vervoer has agreed a capital commitment of  $300m to SDG-focused emerging market private credit manager ILX Management’s ILX Fund I, according to a report by IPE. The investment, made by Achmea Investment Management on behalf of Vervoer, has pushed  Total commitments to ILX Fund I have now topped $1.05

Pennsylvania Teachers Fund to allocate $350m to PE investments

Pennsylvania’s largest public pension fund – the $75 billion Pennsylvania Public School Employees’ Retirement System – has approved commitments of up to $350 million private infrastructure and growth equity investments, according to a report by the Wall Street Journal.  The pensions scheme’s board has agreed to allocate up to $250

Arkansas Teachers allocates additional $30m to private equity

The Arkansas Teachers’ Retirement System has agreed a new private equity allocation of up top $30 million to BVIP Fund XI, according to a report by AlternativesWatch. The report cites fund documents for as revealing that the $21 billion pension scheme has added to its a raft of private equity

Oregon allocates $1.6bn to private markets

The Oregon Investment Council has allocated a total $1.6 billion to private equity, real estate, energy and co-investment strategies in the first four months of 2022, according to a Report by AlternativesWatch. The council oversees investment for the $95 billion Oregon Public Employees’ Retirement Fund which currently has a 10

Shell’s DB pension scheme cuts PE exposure

Some €700 million in private equity investments have been sold on the secondary market in April by Shell’s Dutch defined benefit (DB) pension scheme. The sell-off came after the €33 billion scheme’s board decided its PE allocation had become to large having hit €4.1 billion at the end of 2021

British Patient Capital commits £30m to Crane Venture Partners’ second fund

British Patient Capital has committed £30 million to Crane Venture Partners’ second fund, which has reached a final close of £110 million. Crane II will invest in seed to Series A businesses specialising in digital infrastructure, including open-source software, data and developer tools, and artificial intelligence. Fifty percent of the

Ohio State Teachers commits up $35m to Oakley Capital buyout fund

Buyout fund Oakley Capital V-B1 has received a commitment of up to $35 million from the Ohio State Teachers pension fund, according to a report by Pensions & Investments. The report cites an email from the $91.6 billion pension fund’s spokesman Nick Treneff as the source of the info, with

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