Matt Levin

The $147bn pension has responded to the denominator effect by increasing the amount it is allowed to invest in private equity to 15% of total assets. CalSTRS has similarly bumped its real estate allocation.

The $147bn US pension will decide today whether it will respond to the denominator effect by increasing the amount it is allowed to invest in real estate to 17% of total assets.

SS&C Technologies, which develops financial management software for hedge funds and institutional investors, filed for a NASDAQ float last year. Carlyle acquired the company in a $941m take-private in 2005.

Jay Fewel, a senior investment officer at the $54.5bn pension, said overallocation and the burden of re-upping with existing GPs will leave little money for investing with new funds. OPERF has previously committed capital to Alinda's infrastructure fund and may yet commit to First Reserve's $12bn fund this year.

The private equity arm of Franklin Templeton will target high growth, mid-sized unlisted companies.

Reports of an imminent $1.28bn deal for PT Bumi Resources are premature and carry a higher price tag than the firm would likely consider, PEO has learned.

A report commissioned by the Kentucky governor’s office has concluded that the Kentucky Retirement Systems' and the Kentucky Teachers’ Retirement System’s ‘opportunity cost’ for below-average performance amounted to $5bn.

African fundraising soared to unprecedented heights in the first six months of 2008, but the second half of the year may not be as rosy, writes Matt Levin.

The Africa-focused firm has purchased $28m in common shares and convertible notes of West African lender Financial BC.

The Oakland, California-based venture firm has topped its previous fundraising total by roughly $50m.