The $2.5bn pension system’s executive director allegedly arranged ‘for impromptu meetings with investment firms to justify travel expenses.'
The $345bn US public pension enters its third limited partnership with Clearlake Capital.
The alternative investment firm closes fifth secondaries-focused fund.
More than 90% of LPs expect to maintain or increase their private equity allocations with only secondaries receiving a muted response in Rede Partners survey.
Thomas Mayrhofer takes up his position at the firm, led by hedge fund manager Manny Friedman, in April.
The Massachusetts pension wants assistance with its investment needs.
The $56bn US public pension backs two North America-focused funds.
UK pensions descended on Edinburgh for the Pensions and Lifetime Savings Association conference, but few rated the asset class as attractive.
The Fund Finance Association’s response to the Institutional Limited Partners Association guidelines on subscription credit lines underscores the challenges of drawing up industry-wide best practice.
The global asset manager closes latest secondaries vehicle above target.