Sam Sutton

The $150bn asset manager has committed $250m towards its latest private equity fund’s $1bn target, according to the New Mexico State Investment Council.

Shrinking fees and reliance on carried interest brings the industry back to its roots, Thomas H Lee head Scott Sperling told delegates at PEI’s CFOs and COOs Forum in New York.

The $11.4bn Los Angeles City Employees’ Retirement System expects to secure a new contract with a private equity consultant on 11 June.

Alameda County’s Board of Retirement turned down a proposal to include private equity co-investment in the $5.6bn retirement system’s investment strategy, but it did boost its long-term allocation to a variety of alternative strategies.

New Jersey Division of Investment staff was impressed by Silver Lake’s ‘knowledge, ability and sourcing’ of technology-enabled deals.

The $6.4bn retirement system plans to invest in mezzanine and direct lending, distressed, secondaries, buyouts and funds of funds.

Blackstone chief Steve Schwarzman took time to attend New Jersey’s State Investment Council meeting this week to give his macro view of the market.

Kohlberg Kravis Roberts’ new office in São Paulo will be led by Jorge Fergie, who worked on the private equity team at McKinsey & Company.

Technology Crossover Ventures is back on the market with Fund VIII after breaking venture fundraising records with its $3bn 2008 vintage.

Michael Bailey will join the $50.6bn retirement system in February to manage its $5.8bn private equity portfolio.