Kentucky Forges Debut Co-Investment: A Euro RE Fund with Barings

The Frankfort, Ky.-based Kentucky Retirement Systems (KRS), with $17.6 billion in assets under management, has embarked on an approximately $350 million strategic investment partnership with Barings, a global investment management firm, and Barings parent company, Mass Mutual, to launch the Barings Real Estate European Value Add I Fund. According to Andy Kiehl, director of real estate and real …

Cambridge Report: Gender-Lens Investing Delivers Differentiated Investment Edge

Cambridge Associates has released a new report, Gender Lens Investing: Impact Opportunities Through Gender Equity, which offers institutional investors insight into investing using a “gender-lens” approach as a way to make a mission-related impact as well as diversify their portfolio’s risks and returns. “Diversity of thought and perspective can give you different opportunities and deliver diversification …

Community Foundation Doubles Up on Diverse Managers

The $13.5 billion Silicon Valley Community Foundation (SVCF) has more than doubled the number of diverse managers it has been using, since 2013, from three up to 14, Senior Vice President of Investments Bert Feuss told Institutional Allocator. “My hope is that other institutional investors, particularly university endowments and pensions, will see that greater asset …

Iowa Seeks HY Fixed-Income Manager

The Iowa Public Employees’ Retirement System, with approximately $32 billion in assets under management, has commenced a search for high-yield fixed-income management services from one or more managers. The request for proposals (RFP) for the mandate is due November 6. The move comes despite the fund’s engagement during the summer of a consultant to assist …

Asset Owner Profile: Missouri Public School & Education Employee’s Craig Husting on Long-Term Fund Transformation

This week, IA reporter Kaitlyn Mitchell spoke with Craig Husting, chief investment officer and assistant executive director of the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS). Husting has been CIO of the $44.5 billion funds since 1999 and has made some major changes during that time: the investment staff has grown from …

IA Strategy: New York Common Retirement Fund Delves into the Complexities of Investing in Private Debt

Reginald D. Tucker, senior investment officer of opportunistic investments and absolute return strategies at the New York Common Retirement Fund (NYCRF) spoke with IA about the fund’s allocation to private debt, a fairly new asset class for the fund. Tucker gave details about the breakdown of the asset type in the fund’s opportunistic portfolio, the returns it …

MOSERS Releases RFP for Public Markets Consultant, Plans to Issue Another RFP for Private Markets

The Missouri State Employees’ Retirement System(MOSERS), located in Jefferson City, Missouri, is seeking proposals from investment consulting firms in its search for a specialty consultant for public markets (SC-PM), according to an October 4 announcement on its website. The SC-PM will assist Seth Kelly, chief investment officer (CIO), Shannon Davidson, deputy CIO, and the rest …

NT Takes Stake in Tech Firm to Drive Asset-Owner Services

Northern Trust is taking a minority stake in Parilux Investment Technology, representing a key step in the development of its Front Office Solutions business, which the bank is constructing to deliver operational and technology services to in-house institutional investment teams. The business is focused on supporting the investment teams of endowments, foundations, corporations, family offices and …

New Mexico CIOs Address Their Biggest Concerns

At its Southwest Institutional Forum in Santa Fe, N.M. on September 20, Markets Group gathered together three New Mexico-based institutional investors to discuss a variety of investment-related topics. They included Bob Jacksha, chief investment officer, New Mexico Educational Retirement System, which administers $13 billion; Robert “Vince” Smith, chief investment officer, New Mexico State Investment Council, …

Three LatAm PE Locations Primed For Growth: Market Pros

A difficult economic and political environment in Latin American, generally over the last three years, appears to be moderating, and pro-investment reforms in key markets in the region are bringing a more positive outlook among some private equity investors. Market observers caution, however, that the most promising private equity investment opportunities are in only three …