The Alaska Permanent Fund has brought on former Microsoft executive Jeffrey Scott to manage the $30bn state investment fund. The fund allocates 10 percent, around $4bn, of its pension pot to real estate.
The California-based producer of luxury electric cars, which is supported by roughly $140m in venture financing, has instituted a number of measures to see it through the difficult market conditions including layoffs and leadership changes.
American International Group will retain core business lines while entertaining the divestiture of all remaining units. The embattled insurance company plans to sell as many assets as necessary to repay its $85bn loan from the US government.
The $55bn Virginia Retirement System has made commitments to TPG, Austin Ventures, Great Hill Partners and Oaktree Capital Management following a 2007 bump in the pension’s private equity allocation to 10 percent.