Sam Sutton

The $15bn pension fund, which currently has $2.8bn committed to private equity, is splitting up its alternatives asset class and looking for managers to run the separate strategies.

KKR invested ‘hundreds of millions’ in a partnership called Weld North in 2010, which has made its first acquisition for a reported $50m.

The $6.5bn pension fund’s $500m commitment to AlpInvest is the fund of fund’s first since being acquired by The Carlyle Group in January.

The San Francisco secondaries firm exceeded its sixth fund’s $300m target by attracting new LPs and re-ups.

The Brazilian mid-market firm attracted an international group of LPs to close its second fund over its initial target.

Carlyle had reportedly been in talks to acquire the New Jersey-based energy-focused firm, which closed on its $4.3bn second fund in 2010.

The firm’s second mid-market buyout fund will target investments in several Latin American countries like Chile and Peru, but significantly will not look for opportunities in Brazil.

While asset allocation to private equity remains relatively low at 11%, half of those surveyed in a recent LPEQ and Scorpio Partners study plan to increase their holdings in the asset class in the next year.

Assets sold by Banco Popolare included Bormioli Rocco & Figlio, an international glass and plastics manufacturer valued at €250m.

The US government’s development finance institution has provided commitments in the form of senior loans to five funds that focus on agriculture in Africa and renewable energies in Asia.