Matt Levin

The New York State Common Retirement Fund has re-upped with Bridgepoint and developed three new relationships.

The retirement system’s board has postponed its vote on a bill staff estimates would cost up to $12 billion in lost private equity returns.

The private equity firms reportedly considered bidding for the beleaguered investment bank, but were ultimately uninterested or unable to put together a deal in time to compete with JPMorgan.

The California pension has now charged Invesco with investing a total of $300 million with less-established and sometimes overlooked GPs.

Several private equity-focussed divisions of the investment bank, including Bear Stearns Merchant Banking, wait in limbo following an impending fire sale to JPMorgan, already home to two in-house direct investment initiatives.

Real estate and private equity top the preferred investments among 52 percent of North American public pension respondents who do or want to commit to alternatives, according to a Bear Stearns report.

A SPAC chaired by Hicks Muse alum Michael Levitt will take the $11.5 billion New York hedge fund public, a confluence of trends.

The San Francisco venture firms have invested more than $11 million in rural internet service provider NeoNova Network Services, highlighting a growing private equity acquisition trend.

The alternative assets giant has issued a statement downplaying the damage credit-focussed Carlyle Capital Corporation may cause the overall franchise.

As Bain and TH Lee work to close their $22 billion Clear Channel buyout, a TH Lee executive appeared before a Congressional committee yesterday to champion private equity’s ownership of media and telecom companies.