Heitman hauls in $3 2 billion in latest fundraising round pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Memphis Light, Gas & Water scouting for special situations funds
Memphis Light, Gas & Water scouting for special situations funds
Print
Memphis Light, Gas & Water Division, Memphis, Tenn., is searching for private equity special situations funds to which it plans to commit a total of $50 million for its $1.7 billion pension fund.
The division s pension board approved the search at its March 17 meeting, recently released meeting minutes show.
Investment consultant CBIZ Investment Advisory Services recommended the search because the pension fund remains under target in private equity.
The minutes did not disclose whether interested managers can contact the investment consultant.
Separately, the pension fund s board approved follow-on commitments of $5 million each to value-added real estate funds Heitman Value Partners V and TerraCap Partners V, managed by TerraCap Management. The board originally approved commitments of $25 million each to the funds at its meeting in September.
Memphis Light, Gas & Water pours $70 million into large-cap equities
Sands Capital Management to run $70 million in active domestic large-cap growth equities.
The $1.5 billion pension fund s board approved the hiring at its Nov. 23 meeting, recently released meeting minutes show.
The hiring is the result of the board on Sept. 16 approving a move of its domestic large-cap equity portfolio to an active manager from the current passive manager, the name of which could not be immediately learned.
Investment consultant CBIZ Investment Advisory Services assisted.
Pension fund spokeswoman Angelika Taylor could not be immediately reached for further information.
Related Articles