Anastasia Donde

Karl Polen, the head of private markets at the Arizona State Retirement System, will become chief investment officer replacing Gary Dokes.

The pension fund has set its annual pacing plan to private equity investments and tapped GSO’s mezzanine fund for a $75m mandate.  

The alternative asset manager has accrued record amounts of dry powder, which now stands at $29 billion, it reported in its 2015 earnings.  

Gary Dokes, the chief investment officer of the Arizona State Retirement System, is leaving to assume the same post at the Arizona Community Foundation.  

Doug Ostrover, one of the founders of GSO Capital Partners, and Marc Lipschultz, KKR’s head of energy and infrastructure, are launching Owl Rock Capital to invest in private loans. The duo are raising a private fund and setting up a BDC.  

The private equity manager is making its debut in private debt by hiring Bill Sacher and Shahab Rashid, who formerly held senior roles in Oaktree’s mezzanine group, and by opening a New York office.  

John Angelo, who co-founded his eponymous firm with Michael Gordon in 1988, died at 74 after a long battle with cancer.  

Senior investment professionals from large US public pension funds at Pension Bridge’s Private Equity Exclusive conference in Chicago are urged to band together to improve reporting standards.

Pension fund representatives speaking at the Private Equity Exclusive conference in Chicago are making ever bigger allocations to PE, but opinions on the best strategies, mandate size and number of GPs to employ varied widely.

The original founders of Churchill Financial, which was acquired by Carlyle in 2011, have come together again with a new credit venture under insurance and asset management company TIAA-CREF