Gregory Roth

Stanley Mavromates Jr., MassPRIM's chief investment officer since 2005, announced he is leaving the $50 billion pension system to be CIO of consulting firm Mercer.

Cornell University’s endowment has appointed a new chief investment officer, naming A.J. Edwards to the role, according to a source with direct knowledge of the appointment. Edwards has been interim chief investment officer for Cornell’s Office of University Investments since May 1, 2011, when the previous chief investment officer, Michael Abbott, unexpectedly stepped down.

Elevation Partners, the private equity firm that famously counts Irish rock star Bono among its co-founders, sold 5.2 million of its Facebook shares (or 13% of its stake) for $198 million as part of Facebook’s IPO on Friday.

Twenty billion dollars is a heck of a lot of money. That's how much Mark Zuckerberg, Facebook's founder and chief executive, is worth now that Facebook has priced its initial public offering at $38 per share. But just how much dough is $20 billion these days? Here are a few ways to think about it...

Part of a new breed of mega sector firms, Vista Equity Partners, a San Francisco-based technology buyout firm, closed its latest fund, Vista Equity Partners Fund IV LP, having raised $3.5 billion, the firm announced. The amount was $1 billion more than the fund’s initial $2.5 billion target, which Vista attributed to “exceptional LP demand.” […]

Firm: Vista Equity Partners Fund: Vista Equity Partners IV LP Initial Target: $2.5 Billion Amount Raised: $3.5 Billion Legal Counsel: Simpson Thacher Placement Agent: None Part of a new breed of mega sector firms, Vista Equity Partners, a San Francisco-based technology buyout firm, closed its latest fund, Vista Equity Partners Fund IV LP, having raised […]

Pension System: California Employees’ Retirement System Assets Managed: $233 Billion (May 8, 2012) Private Equity Assets: $32.6 Billion (February 29, 2012) Private Equity Allocation: 14% (February 29, 2012) Private Equity Allocation Target: 14% (February 29, 2012) Chief Investment Officer: Joe Dear The largest pension in the nation has joined the biggest trend in private equity […]

The New York City Comptroller's Bureau of Asset Management, which oversees $122 billion across the city’s five main public pension funds, has committed $600 million to Apollo Global Management and $250 million to Golden Tree Asset Management as part of separate managed accounts that will focus on opportunistic credit strategies.

Filling some big boots, Richard Hall has been promoted to replace Steve LeBlanc as head of private equity for the $110 billion Texas Teachers’ Retirement System, confirmed Howard Goldman, the system’s director of communications. LeBlanc, an innovative private markets chief, is perhaps best known for steering giant separate account deals in which Texas Teachers’ committed $6 billion to Apollo and KKR.

The $237 billion California Public Employees’ Retirement System has reaped a 2.9x gain from its 4.2 percent stake in The Carlyle Group upon the firm’s initial public offering on Thursday, according to an exclusive analysis by Buyouts, peHUB's sister magazine, based on a California Public Records Act request.