Sam Sutton
Darby invested R$58 million (US$30 million) to the renewable energy company in 2011.
Blackstone chief Steve Schwarzman took time to attend New Jersey’s State Investment Council meeting this week to give his macro view of the market.
The $11bn retirement system has also added a 5 percent real assets category that will include investments in agriculture, timber, mining, rare earth, metals and commodities.
The endowment manager approved the allocation at a meeting this week. EnCap is thought to be near closing its fund, which has a $4.25bn target.
KKR’s confidence in Westbrick Energy’s strong management team led the firm to commit C$250m through its 11th North American fund.
Riverstone Holdings continued its recent spate of activity with a $200m investment in Kerogen Energy Holdings, a shale gas exploration company located in Houston and Calgary.
Rio Bravo has managed to close its Energia I fund without giving up seats on its investment committee to the Brazilian pension LPs.
The position will be responsible for managing the $39bn endowment’s $5bn private market co-investment programme, which consists of private equity, infrastructure and other strategies.
The private equity industry invested $144bn across 1,702 transactions in the US in 2011, according to a recent Private Equity Growth Capital Council Report.
The $24.7bn pension system will issue separate requests-for-proposals for an alternatives consultant and a real estate consultant, with plans to award new contracts by the end of the year.