Gregory Roth

A bill is gaining momentum in New Mexico’s legislature to remove the governor from the New Mexico State Investment Council, which makes investment decisions for New Mexico’s $15 billion pension fund. The proposal has already passed the state senate’s rules committee, and Susana Martinez, the current governor, said she agrees that neither she nor any […]

Texas’s $105 billion Teacher Retirement System, America’s sixth largest pension fund and a big friend of private equity, on Monday named Brian Guthrie, 41, as its new executive director. He will replace current head Ronnie Jung on September 1st, who announced last year that he intended to step down from the role. Jung had been […]

Two new studies reveal that university endowments, battered by the recent economic crisis, have begun to grow again, adding fresh resources to the pool of funds they can commit to private equity and other investments. Endowments grew on average by 11.9 percent in fiscal year 2010, which ended June 30th, according to a study released by the National Association of College and University Business Officers (NACUBO) and Commonfund, a big investor for non-profit institutions. That gain is a stark reversal from FY2009, when the average endowment lost 18.7 percent. Adding to the improving picture, universities had a slightly easier time raising new funds in 2010. They received about $7 billion in gifts destined specifically for their endowments, representing about a quarter of the $28 billion in overall donations that universities took in last year, according to Ann Kaplan, author of a separate study from the Council for Aid to Education, or CAE. Giving was up 0.5 percent during 2010, a stark change from the previous year when donations slipped by 11.9 percent.

The grand masters of private equity converged on Davos, Switzerland for the Alpine talk blizzard otherwise known as the World Economic Forum. Here’s what they had to say about the state of the industry and the outlook for the economy. Carlyle’s David Rubenstein, appearing on CNBC, discussed the outlook for private equity now versus two […]

AlpInvest’s management is expressing no small amount of glee at the sale of their company, Europe’s largest private equity investor, to the Carlyle Group by its Dutch pension fund owners, APG and PGGM. For the first time, AlpInvest’s management stands to gain a direct equity stake in firm, something that is nearly universal in the […]

On New Year’s, revelers offered each other champagne toasts in the hopes that 2011 turns out better than 2010. In the world of private equity, wishes for the new year come with a number attached – specifically that new funds committed by limited partners will surpass $120 billion by next New Year’s and could reach […]

After Congress passed the Dodd-Frank financial reforms last year, newly empowered regulators were given the task of interpreting and enforcing the law’s 2,300+ pages of provisions. The scope of many of the rules has not yet been decided. Among the most controversial of these provisions is the Volcker Rule, named after Paul Volcker, former Federal […]

Prudential Financial plans to link up with China’s Fosun Group to create a private equity fund worth at least $600 million. Prudential plans to add $500 million to the new fund, while Fosun will contribute $100 million. The fund is the largest in Prudential’s history to be managed by a third party. As general partner, […]

In a closely watched overhaul of its disclosure practices, Goldman Sachs proposed to more clearly delineate investments it makes independently from those it executes on behalf of institutional clients. As part of the proposal, the firm would divide itself into four divisions, instead of the current three, providing investors and clients with more information on […]