Annabelle Ju
Based in New York, Annabelle Ju covers North American institutional investors and fund regulation as the US Private Equity Reporter for Private Equity International and private funds management. She previously reported on market structure at Bloomberg and obtained her Master of Science degree from Medill School of Journalism at Northwestern University.
The firm, led by Robert Smith, gave LPs the option of a lower management fee and higher hurdle rate in exchange for 30% carry.
Quantum Energy Partners’ previous fund closed on its $4.45bn hard-cap in July 2015.
The increase is part of the $11bn pension’s effort to meet its new long-term private equity target allocation of 8%.
The pension exited two funds in February and is under contract to sell 10 more private debt and real estate fund stakes worth $88.91m by the end of March.
INPRS’s current fiscal year ending 30 June 2017 is its first since naming a new CIO in July.
The pension giant will start digging in to fund managers’ ESG policies to help determine whether to move forward with further due diligence.
Amid high valuation multiples, KKR’s Alex Navab expects its latest fund, the $13.9bn America XII, will focus more on add-on acquisitions.
The California pension plans to engage Meketa, currently its real assets advisor, as its new private equity consultant for the remainder of PCA’s contract period ending June 2020.
The US firm won for its investment in Brazilian travel and tourism company CVC Brasil Operadora e Agência de Viagens.
The Tallahassee-based pension administrator discussed the possibility of making direct private equity investments, but concluded that it would struggle to build the necessary in-house resource.