LP Spotlight: Latest Updates on LACERS, IPERS and NJDOI
September 12, 2014
The PitchBook Platform features data on nearly 14,000 limited partners, including information on recent commitments and changing PE allocations in the world of pension funds, endowments and other pools of capital. Accordingly, we wanted to highlight some recent LP updates, which you can survey below. To explore some profiles on your own, click here.
• Los Angeles City Employees’ Retirement System (public pension: $13.9 billion AUM): Committed $15 million to Thoma Bravo Fund XI last month. PE portfolio was valued at over $1.2 billion at the end of March, representing 8.9% of LACER's total assets. Looking to commit up to $350 million in the 2014/2015 fiscal year, specifically across 12 to 15 funds in the $10 million to $40 million size range, all toward reaching its PE exposure target of 12%.
• Iowa Public Employees’ Retirement System (public pension, $28 billion AUM): Committed $75 million to Onex Partners IV, and looking to invest $700 million in 2014. PE allocation was valued at over $3.6 billion (13% of its total portfolio) at the end of June, an increase from 11.5% the previous year.
• New Jersey Division of Investment (public pension, $80.6 billion AUM): Committed €50 million ($65 million) to Meyer Bergman European Retail Partners II in May. Targeting 9.25% or roughly $7.5 billion for PE investments for the 2014/2015 fiscal year ending June 30, 2015.