Illinois pension fund earmarks $7b for private equity
The Teachers’ Retirement Board of the State of Illinois has won approval from its board of trustees for a plan that could see it invest up to $7 billion in private equity by 2016. The $37 billion fund wants to commit $900 million to $1.4 billion to the asset class in each of the next five years, Reuters reported.
Private equity currently accounts for 9.1% of the fund's total assets and this is expected to rise to 11% in 2012. The majority of these interests will fall under corporate finance opportunities, while...
More on North America
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.