Moneta Taps Aoifinn Devitt as CIO | Chief Investment Officer ai-cio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ai-cio.com Daily Mail and Mail on Sunday newspapers.
Arizona Public Safety Personnel commits $25 million to venture capital fund
Mission BioCapital V.
The $12.4 billion pension fund closed the commitment to the life sciences venture capital fund on Jan. 7, spokesman Christian Palmer confirmed.
As of Nov. 30, the pension fund s actual allocation to global private equity was 24.8%; the target is 25%.
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Arizona Public Safety nabs $155 million in commitments
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Arizona Public Safety Personnel Retirement System, Phoenix, disclosed new commitments totaling $155 million, spokesman Christian Palmer said in an email.
The $11.5 billion pension fund committed $75 million to Fundamental Partners IV, a special situations fund managed by
Fundamental Advisors.
The pension fund also committed $50 million to Charlesbank Equity Fund X, a middle-market private equity fund; and $30 million to Charlesbank Equity Overage Fund, both managed by
Charlesbank Capital Partners.
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Recreational marijuana, pension bonds top Yuma agenda yumasun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yumasun.com Daily Mail and Mail on Sunday newspapers.
The Yuma City Council, in a special meeting held Monday, introduced an ordinance that authorizes the issuance of bonds to pay off its debt to the public safety pensions mandated by the state.
At the special meeting, the council immediately went into an executive session to seek legal advice. After about an hour, the council returned to the dais and representatives of Stifel, Nicolaus and Company recapped the situation and offered three options.
Due to the current historically low interest rates, the council previously directed staff to work with the advisors to issue bonds to pay off 100% of the debt it owes to the Arizona Public Safety Personnel Retirement System for police and fire employee pensions, plus use a portion for a contingency fund to deal with future pension costs.