Marine Cole
Several private credit investments partly contributed to the increase, pushing private equity to 21.2% of the pension’s total assets.
The firm reiterates intent to raise about $100bn between 2016 and 2019.
.jpg "Bregal Sagemount wraps up second fund")
The firm closed on its $960m hard-cap and accepted capital from outside investors for the first time.
.jpg "Blackstone charts out new investment pathways")
The firm’s chief financial officer Michael Chae recently explained the different areas where it is looking to expand, including infrastructure and growth equity.
The firm also anticipates that the new flagship fund will have a greater share of distressed investments than its predecessor.
Trump’s immigration policy could affect current employees and future recruitment in private equity and venture capital, and has already prompted some in the industry to apply for naturalisation.
.jpg?id=19327353638 "Constitution Capital starts opportunistic credit strategy")
The firm is also opening an office in New York, which will be headed by a new hire leading its credit business.
.jpg "Hamilton Lane files for IPO")
The price and number of shares are yet to be determined by the firm which has about $274bn of assets under advisement and $40bn AUM.
The former managing director, who focused on public policy and ESG at the firm, previously served in the Bush administration.
Incline Equity Partners, which spun out of PNC Financial Services in 2011, closed its fourth fund after three months of marketing.