DOCSLIB.ORG

Agenda Item 6A Total Fund

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Agenda Item 6A Total Fund Attachment 2, Page 1 of 62 CalPERS CIO Quarterly Performance Report Quarter Ending March 31, 2012 CalPERS CIO Quarterly Performance Report QUARTER ENDING MARCH 31, 2012 Attachment 2, Page 2 of 62 CalPERS CIO Quarterly Performance Report Quarter Ending March 31, 2012 Table of Contents Section I: Total Fund Total Fund Summary Section II: Public Equity Public Equity Summary Internal Equity Internal Domestic Equity Internal International Developed Equity Internal Emerging Market Equity External Equity External Domestic Traditional Equity External International Developed Traditional Equity External Emerging Market Equity Corporate Governance Emerging Manager Program Manager Developmental Program Emerging Manager Fund of Funds Section III: Private Equity Private Equity Summary & Performance by Strategy Private Equity Top 20 General Partners by Exposure Private Equity Performance by General Partners CalPERS CIO Quarterly Performance Report Attachment 2, Page 3 of 62 Quarter Ending March 31, 2012 Section IV: Income Global Income Summary & Domestic Income External International & External High Yield Section V: Real Assets Real Assets Summary & Real Estate Summary Real Estate Top 20 Partners by Exposure Real Estate Partners Performance by Strategy Forestland & Infrastructure Performance by Partners Section VI: Inflation Inflation Summary Section VII: Liquidity Liquidity Summary Section VIII: Absolute Return Strategy Absolute Return Equitization Strategy & Absolute Return Strategy Summary Direct Investments Fund of Funds Section IX: Total Fund Portfolios Currency Overlay Program & Transition Portfolios CalPERS CIO Quarterly Performance Report Attachment 2, Page 4 of 62 Quarter Ending March 31, 2012 Section X: Affiliate Investment Program Total Affiliate Investment Program Summary & Judges II Retirement System Legislators’ Retirement System & Long Term Care Fund California Employees’ Retirement Benefit Trust (CERBT) Fund Summary CERBT Strategy 1 CERBT Strategy 2 CERBT Strategy 3 Supplemental Income Plan - 457 Aggregate Section XI: Other Programs Securities Lending Summary & Short Term Liquidity Section XI: Asset Class Benchmarks & Definitions Attachment 2, Page 5 of 62 Section I Total Fund QUARTER ENDING MARCH 31, 2012 Attachment 2, Page 6 of 62 Section II: Public Equity Public Equity Summary March 31, 2012 1 Month 3 Months FYTD 1 Yr 3 Yr 5 Yr 10 YR % of Net Net Net $ Value Net Net Net Net Ending Market Total Rate of Excess Rate of Excess Rate of Excess Added Rate of Excess Rate of Excess Rate of Excess Rate of Excess TOTAL FUND SUMMARY Value (MM) Assets Return Bps Return Bps Return Bps (MM) ** Return Bps Return Bps Return Bps Return Bps GROWTH 152,973 64.7 1.05 51 10.00 (178) (1.08) 132 1,918 0.58 136 19.20 (180) 0.88 (144) 5.63 (42) PUBLIC EQUITY 119,548 50.6 0.67 6 12.20 (3) (1.63) (15) (168) (1.29) (13) 21.73 (5) (0.04) (91) 5.15 (38) PRIVATE EQUITY 33,425 14.1 2.47 216 2.59 (730) 0.37 764 2,531 6.98 787 12.42 (671) 7.84 (278) 9.26 128 INCOME 40,371 17.1 (1.22) 22 0.14 59 8.44 (91) (374) 11.32 (145) 14.82 477 8.53 43 8.19 55 REAL ASSETS 21,812 9.2 1.29 (91) 1.93 (94) 4.52 (392) (853) 7.08 (510) (12.46) (1,616) (11.92) (1,631) 2.57 (725) REAL ESTATE 18,902 8.0 2.37 (24) 3.12 (27) 6.61 (330) (618) 8.56 (553) (14.02) (2,081) (13.36) (1,815) 1.73 (722) FORESTLAND**** 2,120 0.9 (7.21) (772) (7.21) (772) (10.99) (1,181) (241) (10.75) (1,232) (4.02) (287) INFRASTRUCTURE**** 790 0.3 0.52 44 0.52 7 3.68 (32) (241) 42.47 3,499 26.23 1,893 INFLATION 7,501 3.2 (1.57) (29) 3.58 57 5.39 91 66 3.47 (191) 12.37 209 LIQUIDITY 8,020 3.4 (0.42) 9 (0.41) 6 3.36 (32) (29) 3.42 (31) 1.35 (8) 2.19 (1) 2.54 12 ABSOLUTE RETURN STRATEGIES * 5,154 2.2 0.34 (7) 1.48 25 (1.20) (515) (270) (1.91) (735) 6.69 92 0.71 (669) CURRENCY OVERLAY (6) (0.0) (0.12) (9) 0.02 11 (1.06) (70) (1.16) (60) (0.22) 14 0.03 11 0.88 81 PLAN LEVEL PORTFOLIOS 480 0.2 TOTAL FUND 236,305 100.0 0.59 33 6.72 (66) 1.93 25 574 3.67 (20) 13.50 (296) 1.21 (238) 5.70 (90) CALPERS POLICY INDEX ** 0.26 7.39 1.68 3.88 16.46 3.60 6.60 TOTAL FUND 20 YEAR NET RATE OF RETURN 7.93 TOTAL FUND INCEPTION DATE NET RATE OF RETURN (07/01/1988) 8.48 * Absolute Return Strategies was excluded from Public Equity after July 1, 2011. Public Equity performance history does not include Absolute Return Strategies performance. ** See Section XI for components of CalPERS Policy Index. Current Asset Class Policy Benchmarks performance are linked to prior Policy Benchmarks. *** Value Added is the Excess BPS converted into a dollar value by multiplying the excess bps by the fiscal year to date average market value. **** Forestland and Infrastructure returns are reported on a quarterly basis. II-1 CalPERS CIO Quarterly Performance Report Quarter Ending March 31, 2012 At Attachment 2, Page 7 of 62 Section II: Public Equity Public Equity Summary Section II Public Equity QUARTER ENDING MARCH 31, 2012 II-1 CalPERS CIO Quarterly Performance Report Quarter Ending March 31, 2012 Section II: Public Equity Attachment 2, Page 8 of 62 Public Equity Summary March 31, 2012 1 Month 3 Months FYTD 1 Yr 3 Yr 5 Yr 10 YR Ending Market % of Net Net Net $ Value Net Net Net Net Value Total Rate of Excess Rate of Excess Rate of Excess Added Rate of Excess Rate of Excess Rate of Excess Rate of Excess PUBLIC EQUITY SUMMARY (MM) Assets Return Bps Return Bps Return Bps (MM) ** Return Bps Return Bps Return Bps Return Bps TOTAL INTERNAL DOMESTIC EQUITY 48,663 40.7 2.94 2 12.66 (24) 6.67 (11) (52) 6.53 (5) 24.44 55 2.45 20 4.81 14 TOTAL INTERNAL INT'L DEVELOPED EQUITY 41,967 35.1 (0.85) 2 10.98 (12) (8.23) (12) (53) (7.24) (9) 18.87 (5) (2.15) (8) TOTAL INTERNAL EMERGING MARKET EQUITY 7,010 5.9 (3.56) 22 14.46 45 (8.13) (15) (10) (9.32) 17 25.35 12 TOTAL EXTERNAL DOMESTIC TRADITIONAL EQUITY 3,446 2.9 3.29 32 14.04 194 6.57 (75) (24) 6.70 (54) 22.57 (88) 0.67 (111) 3.81 (78) EXTERNAL INT'L DEVELOPED TRADITIONAL EQUITY 6,190 5.2 (0.48) 73 12.15 78 (6.07) 127 101 (4.27) 238 21.42 204 (1.51) (8) 6.77 (65) EXTERNAL EMERGING MARKET EQUITY 3,908 3.3 (3.41) 34 15.44 172 (7.15) 42 17 (8.25) 99 28.20 266 5.13 43 TOTAL CORPORATE GOVERNANCE 4,383 3.7 0.27 (112) 10.51 (153) (5.37) (655) (288) (5.25) (653) 16.89 49 (3.31) (141) 5.26 87 TOTAL MANAGER DEVELOPMENTAL PROGRAM*** 1,902 1.6 1.53 (5) 13.25 41 2.21 (28) (5) 2.22 (58) 19.08 (92) 1.20 (100) 5.26 (119) TOTAL EMERGING MANAGER FUND OF FUNDS 904 0.8 1.64 44 13.61 44 0.31 (16) (1) (0.15) 45 25.28 67 PUBLIC EQUITY CASH PORTFOLIO 864 0.7 0.50 (11) 10.64 (159) 0.09 157 24 0.60 176 TOTAL PUBLIC EQUITY* 119,548 100.0 0.67 6 12.20 (3) (1.63) (15) (168) (1.29) (13) 21.73 (5) (0.04) (91) 5.15 (38) *Absolute Return Strategies performance history is included in Public Equity prior to July 1, 2011. ** Value Added is the Excess BPS converted into a dollar value by multiplying the excess bps by the fiscal year to date average market value. *** Venture portfolios not included in Manager Develpmental Program ending market value and returns. II-1 CalPERS CIO Quarterly Performance Report Quarter Ending March 31, 2012 Attachment 2, Page 9 of 62 Section II: Public Equity Internal Equity March 31, 2012 1 Month 3 Months FYTD 1 Yr 3 Yr 5 Yr 10 YR Ending Market % of Net Net Net $ Value Net Net Net Net Value Total Rate of Excess Rate of Excess Rate of Excess Added Rate of Excess Rate of Excess Rate of Excess Rate of Excess INTERNAL DOMESTIC EQUITY (MM) Assets Return Bps Return Bps Return Bps (MM) * Return Bps Return Bps Return Bps Return Bps DOMESTIC FUNDAMENTAL 4,136 8.5 2.77 (14) 11.41 (148) 5.06 (180) (66) 4.78 (192) 27.10 317 1.44 (83) CALPERS - DOMESTIC LONG-SHORT STRATEGY 83 0.2 0.03 2 0.89 88 (2.79) (282) (2) (2.04) (211) (2.02) (215) SYNTHETIC ENHANCED EQUITY 3,806 7.8 3.20 6 12.58 0 6.72 85 28 6.58 112 INTERNAL FAN LONG ONLY 483 1.0 2.99 8 12.85 (4) 5.34 (152) (4) 4.94 (176) CALPERS INTERNAL DOMESTIC CORE FUND 5,884 12.1 2.92 (1) 12.71 (8) CALPERS MASTER INT DOM CORE FUND 550 1.1 2.65 (26) 12.46 (42) INT DOM ACTIVE LONG ONLY 101 0.2 1.62 (130) 10.60 (228) (1.09) (795) (7) INT DOM FTSE 3000 PERF ACCTG 33,404 68.6 2.93 2 12.83 (6) 6.92 6 19 6.85 15 24.10 16 2.50 22 4.90 21 INT MICROCAP PERF ACCTG 215 0.4 4.80 90 18.88 224 3.01 719 16 (1.67) 805 35.84 739 1.91 452 TOTAL INTERNAL DOMESTIC EQUITY 48,663 100.0 2.94 2 12.66 (24) 6.67 (11) (52) 6.53 (5) 24.44 55 2.45 20 4.81 14 March 31, 2012 1 Month 3 Months FYTD 1 Yr 3 Yr 5 Yr 10 YR Ending Market % of Net Net Net $ Value Net Net Net Net Value Total Rate of Excess Rate of Excess Rate of Excess Added Rate of Excess Rate of Excess Rate of Excess Rate of Excess INTERNAL INT'L DEVELOPED EQUITY (MM) Assets Return Bps Return Bps Return Bps (MM) * Return Bps Return Bps Return Bps Return Bps INTERNAL INTL EQ PERF ACCTG 32,849 78.3 (0.77) 2 10.95 3 (7.88) 10 32 (6.76) 14 18.24 8 (2.36) 4 FUNDAMENTAL DEVELOPED INTL(Ex Tobacco) 3,834 9.1 (0.67) 12 9.87 (105) (9.12) (114) (37) (7.78) (88) 17.80 (35) (3.30) (91) INTERNAL GLBL ENV STRATEGY HSBCCCI 488 1.2 (0.45) (106) 7.99 (423) (14.02) (1,254) (61) (15.47) (1,424) INT DEVELOPED SMALL CAP INDEX PERF ACCTG 4,795 11.4 (1.57) 5 12.36 8 (9.43) 22 10 (9.23) 32 25.23 16 TOTAL INTERNAL INT'L DEVELOPED EQUITY 41,967 100.0 (0.85) 2 10.98 (12) (8.23) (12) (53) (7.24) (9) 18.87 (5) (2.15) (8) March 31, 2012 1 Month 3 Months FYTD 1 Yr 3 Yr 5 Yr 10 YR Ending Market % of Net Net Net $ Value Net Net Net Net Value Total Rate of Excess Rate of Excess Rate of Excess Added Rate of Excess Rate of Excess Rate of Excess Rate of Excess INTERNAL EMERGING MARKET EQUITY (MM) Assets Return Bps Return Bps Return Bps (MM) * Return Bps Return Bps Return Bps Return Bps STRUCTURED EMERGING MARKETS 879 12.5 (3.40) 52 13.75 34 (6.87) 86 7 (7.49) 172 26.48 113 FUNDAMENTAL EMERGING MARKETS 1,299 18.5 (3.31) 61 15.15 175 (6.88) 85 8 (7.23) 199 27.46 212 INTERNAL EMERGING MARKET PERF ACCTG 4,200 59.9 (3.91) 1 13.37 (4) (7.89) (16) (6) (9.28) (7) 25.16 (18) INT EM SMALL CAP INDEX PERF ACCTG 631 9.0 (1.94) 41 21.83 136 (11.51) (222) (13) TOTAL INTERNAL EMERGING MARKET EQUITY 7,010 100.0 (3.56) 22 14.46 45 (8.13) (15) (10) (9.32) 17 25.35 12 * Value Added is the Excess BPS converted into a dollar value by multiplying the excess bps by the fiscal year to date average market value.
Load more

Recommended publications
  • Penstion Reserves Investment Trust Fund
    PENSION RESERVES INVESTMENT TRUST FUND (A Component Unit of the Commonwealth of Massachusetts) COMPREHENSIVE ANNUAL FINANCIAL REPORT Fiscal Year Ended June 30, 2014 (With Basic Financial Statements for the Fiscal Years Ended June 30, 2014 and 2013) Steven Grossman, Treasurer and Receiver General, Chair Michael G. Trotsky, CFA, Executive Director and Chief Investment Officer PENSION RESERVES INVESTMENT TRUST FUND (A Component Unit of the Commonwealth of Massachusetts) COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Year Ended June 30, 2014 (With Basic Financial Statements for the Fiscal Years Ended June 30, 2014 and 2013) Prepared By Pension Reserves Investment Management Board Staff PENSION RESERVES INVESTMENT TRUST FUND For More Information All correspondence may be directed to: Paul Todisco Senior Client Service Officer Pension Reserves Investment Management Board 84 State Street Boston, MA 02109 Telephone: 617-946-8423 (Direct) Facsimile: 617-946-8475 Website: www.mapension.com COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR 2014 PENSION RESERVES INVESTMENT TRUST FUND Table of Contents Page Introductory Section: Letter of Transmittal 3 – 10 Certificate of Achievement for Excellence in Financial Reporting 11 Organizational Chart 12 PRIM Board Trustees 13 Advisory Committees to the PRIM Board 14 – 15 PRIM Board Investment Advisors 16 Financial Section: Independent Auditors’ Report 17 – 19 Management’s Discussion and Analysis (Unaudited) 20 – 24 Basic Financial Statements: Statements of Pooled Net Position 25 Statements of Changes in
    [Show full text]
  • Private Equity Benchmark Report
    Preqin Private Equity Benchmarks: All Private Equity Benchmark Report As of 31st March 2014 alternative assets. intelligent data. Preqin Private Equity Benchmarks: All Private Equity Benchmark Report As of 31st March 2014 Report Produced on 9th October 2014 This publication is not included in the CLA Licence so you must not copy any portion of it without the permission of the publisher. All rights reserved. The entire contents of the report are the Copyright of Preqin Ltd. No part of this publication or any information contained in it may be copied, transmitted by any electronic means, or stored in any electronic or other data storage medium, or printed or published in any document, report or publication, without the express prior written approval of Preqin Ltd. The information presented in the report is for information purposes only and does not constitute and should not be construed as a solicitation or other offer, or recommendation to acquire or dispose of any investment or to engage in any other transaction, or as advice of any nature whatsoever. If the reader seeks advice rather than information then he should seek an independent fi nancial advisor and hereby agrees that he will not hold Preqin Ltd. responsible in law or equity for any decisions of whatever nature the reader makes or refrains from making following its use of the report. While reasonable efforts have been used to obtain information from sources that are believed to be accurate, and to confi rm the accuracy of such information wherever possible, Preqin Ltd. Does not make any representation or warranty that the information or opinions contained in the report are accurate, reliable, up-to-date or complete.
    [Show full text]
  • Penstion Reserves Investment Trust Fund
    PENSION RESERVES INVESTMENT TRUST FUND (A Component Unit of the Commonwealth of Massachusetts) COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Year Ended June 30, 2012 Prepared By Pension Reserves Investment Management Board Staff PENSION RESERVES INVESTMENT TRUST FUND For More Information All correspondence may be directed to: Paul Todisco Senior Client Service Officer Pension Reserves Investment Management Board 84 State Street Boston, MA 02109 Telephone: 617-946-8423 (Direct) Facsimile: 617-946-8475 Website: www.mapension.com COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR 2012 PENSION RESERVES INVESTMENT TRUST FUND Table of Contents Page Introductory Section: Letter of Transmittal 3 – 12 Certificate of Achievement for Excellence in Financial Reporting 13 Organizational Chart 14 PRIM Board Trustees 15 Advisory Committees to the PRIM Board 16 – 17 PRIM Board Investment Consultants 18 Financial Section: Independent Auditors’ Report 19 – 20 Management’s Discussion and Analysis 21 – 24 Basic Financial Statements: Statements of Pooled Net Assets 25 Statements of Changes in Pooled Net Assets 26 Notes to Financial Statements 27 – 51 Supporting Schedules: Schedules of Pooled Net Assets – Capital Fund and Cash Fund 52 Schedules of Changes in Pooled Net Assets – Capital Fund and Cash Fund 53 Investment Section: 54 – 105 Statistical Section: Schedules of Changes in Net Assets 106 Financial Highlights and Financial Highlights Ratios 107 – 113 PRIT Core Fund Asset Allocation 114 COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR 2012 PENSION RESERVES INVESTMENT TRUST FUND Introductory Section COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR 2012 PENSION RESERVES INVESTMENT TRUST FUND THIS PAGE INTENTIONALLY LEFT BLANK 84 State Street, Second Floor Steven Grossman, Treasurer and Receiver General, Chair Boston, Massachusetts 02109 Michael G.
    [Show full text]
  • Years in Private Equity a Timeline
    Private-equity political donations in Conn. and N.Y. state attract criticism. MAR GP Investimentos raises FEB Calpers invests $175 million Publicly traded VC firms CMGI and for stake in Carlyle Group. MAR Accel Partners build its $800 million for what at the time Internet Capital Group emerge. Years in Private Equity was the largest Latin American fund. own homepage on the internet. 1997 A string of new firms form, AUG Canada Pension 1993 Plan Investment Board JAN Madison MAY Goldman Sachs including Audax Group, New A Timeline Dearborn Partners makes its first private- closes first fund of funds Mountain Capital and Silver Lake. equity commitments. completes spinoff with $900 million. 2001 FEB Bain Capital hits from First Chicago the market seeking $250 Venture Capital. SEPT David Retik, co-founder 25AUG Landmark Partners million for its third fund. Total Fundraising (then Landmark Ventures) $134.24 billion of Alta Communications, and across 630 funds Chris Mello, an associate, both agrees to buy a 21-fund MAR Florida SBA crafts 1995 Total Fundraising 1999 die aboard American Airlines portfolio from Harvard partnership with newly Management and sets out $18.02 billion Co-investment funds to Flight 11 in terrorist attack on across 162 funds formed Liberty Partners to DEC Forstmann the World Trade Center. to raise $100 million to invest directly in companies. invest alongside core funds fund the deal and others. start to emerge. Little agrees to invest $1 AUG American Express billion in stock of Total Fundraising agrees to sell its entire Total Fundraising OCT About 30 institutional Total Fundraising $71.40 billion Glut of $1 billion funds in telecom company $119.44 billion investors form the Institutional $200 million private-equity $33.97 billion across 381 funds Europe concerns investors.
    [Show full text]
  • The 2008 Preqin Private Equity Performance Monitor - Sample Pages
    Sample Pages The 2008 Preqin Private Equity Performance Monitor - Sample Pages © 2008 Private Equity Intelligence Ltd 1 Sample Pages A Guide to the Performance of Private Equity Fund Managers © 2008 Private Equity Intelligence Ltd 2 Sample Pages Contents 1. Executive Summary 7 Fund of Funds 41 - DPI, RVPI and TVPI 2. Methodology 13 - Median Net IRR and Quartile Ranking - Fund Selection Performance 3. Overall Performance of Private Equity 19 - Relationship between Successor and Predecessor Fund - Fund Universe Mezzanine 45 - DPI, RVPI and TVPI - DPI, RVPI and TVPI - Median IRRs, Money Weighted IRRs and Pooled IRRs - Median Net IRR and Quartile Ranking - Performance by Geographic Region - Quartile Ranking by Fund Number - Relationship between Predecessor and Successor Fund Quartile Real Estate 49 - Experience Effect - DPI, RVPI and TVPI - Median Net IRR and Quartile Ranking 4. Performance by Fund Type 29 - Relationship between Successor and Predecessor Fund Buyout 31 Secondaries 53 - DPI, RVPI and TVPI - DPI, RVPI and TVPI - Median Net IRR and Quartile Ranking - Median IRR - Median, Weighted and Pooled IRRs Venture 55 - North American vs. European Buyout Funds - DPI, RVPI and TVPI - Large and Mega Buyout Funds - Median Net IRR and Quartile Ranking - Buyout Cash Flow Analysis - Median, Weighted and Pooled IRRs - Buyout Net Cash Flow by Vintage Year - Performance of Early Stage Funds - Performance at Different Points in Time - Performance of Industry Focused Funds - Relationship between Successor and Predecessor Fund Quartile - Venture Cash Flow Analysis Distressed Debt & Special Situations 39 - Venture Cash Flow by Vintage - DPI, RVPI and TVPI - Performance at Different Points in Time - Median IRR - Relationship between Successor and Predecessor Fund Quartile © 2008 Private Equity Intelligence Ltd 3 Sample Pages 5.
    [Show full text]
  • Report Annual Emerging Issues Forum
    PUBLIC EMPLOYEE RETIREMENT ADMINISTRATION COMMISSION Annual Report 2004 G T KIN OGE R TH O E W R • T S O T T E E N S S U U R H E C S A T S S R A O N M G R O P F U S B L M I E C T P S E Y S N S N I O Mission Statement The Public Employee Retirement Administration Commission (PERAC) was created for and is dedi- cated to the oversight, guidance, monitoring and regulation of the Massachusetts Public Pension Systems. The professional, prudent and efficient administration of these systems is the public trust of PERAC and each of the 106 public pension systems for the mutual benefit of the public employees, public employers and citizens of Massachusetts. The stewardship of the Trust Funds for the sole purpose of providing the benefits guaranteed to the public employees qualifying under the plans is the fulfillment of the obligation of the people of the Commonwealth to those who have dedicated their professional careers to the service of the people of the Commonwealth. PUBLIC EMPLOYEE RETIREMENT ADMINISTRATION COMMISSION Annual Report 2004 Table of Contents • Commission Members 1 • Franklin County 46 • Pittsfield 91 • Gardner 47 • Plymouth 92 • Letter from the Chairman 2 • Gloucester 48 • Plymouth County 93 • Greater Lawrence 49 • Quincy 94 • Letter from the Executive Director 3 • Greenfield 50 • Reading 95 • Hampden County Regional 51 • Revere 96 • 2004 Financial Market & • Hampshire County 52 • Salem 97 Board Performance Review 7 • Haverhill 53 • Saugus 98 • Hingham 54 • Shrewsbury 99 • Introduction to the Board Profiles 11 • Holyoke 55 • Somerville
    [Show full text]
  • September 30, 2014 Total Investment Name Investment Strategy Vintage Committed Paid-In Capital Valuation Net IRR Distributions ABRY Partners VII, L.P
    Statement of Investments As of September 30, 2014 Total Investment Name Investment Strategy Vintage Committed Paid-in Capital Valuation Net IRR Distributions ABRY Partners VII, L.P. Corporate Finance/Buyout 2011 3,500,000 3,189,012 177,912 3,695,222 ABRY Senior Equity III, L.P. Mezzanine 2010 5,000,000 4,528,277 2,574,020 4,296,909 ABRY Senior Equity IV, L.P. Mezzanine 2012 6,503,582 2,312,419 69,681 2,498,284 ABS Capital Partners VI, L.P. Growth Equity 2009 4,000,000 3,766,330 297,563 3,537,143 ABS Capital Partners VII, L.P. Growth Equity 2012 10,000,000 5,920,884 - 5,772,260 Advent International GPE V-B, L.P. Corporate Finance/Buyout 2012 2,829,471 2,539,256 2,781,074 838,648 Advent International GPE V-D, L.P. Corporate Finance/Buyout 2005 3,313,954 2,992,477 6,751,944 739,542 Advent International GPE VI-A, L.P. Corporate Finance/Buyout 2008 9,500,000 9,044,000 5,280,697 11,122,211 Advent International GPE VII-B, L.P. Corporate Finance/Buyout 2012 30,000,000 16,800,000 630,000 20,674,141 Alta Communications VIII, L.P. Venture Capital 2000 6,000,000 5,880,000 3,881,838 207,117 Alta Partners VIII, L.P. Venture Capital 2006 3,000,000 2,850,000 1,930,721 2,750,905 American Securities Opportunities Fund III, L.P. Distressed Debt 2014 35,000,000 - - - Archer Capital Fund 5, L.P.
    [Show full text]
  • PRIT Fund Managers Domestic Equity INTECH Investment Management
    PRIT Fund Managers Private Equity 1818 Fund II, LP (The) Domestic Equity Advent International INTECH Investment Management, LLC Alchemy Partners Pacific Investment Management Company (PIMCO) Alta Communications State Street Global Advisors American Securities International Equities APA German European Ventures Baillie Gifford APAX Partners & Co. Marathon Asset Management, Ltd Apollo Investments Management Mondrian Investment Partners Asia Pacific Trust State Street Global Advisors Austin Ventures Core Fixed Income Bain Capital Access Capital Strategies, LLC Battery Ventures Partners AFL-CIO Housing Investment Trust Belmont Capital Partners BlackRock, Inc. Berkshire Partners, LLC Community Capital Management Blackstone Group Loomis Sayles & Company, LP Boston Ventures Pacific Investment Management Company (PIMCO) Bridgepoint Capital Limited Value-Added Fixed Income Brown Brothers Ashmore Investment Management Ltd Candover Eaton Vance Institutional Funds Capital Resource Partners Fidelity Mnagement Trust Company Carlyle Partners ING Investment Management Castile Ventures Loomis, Sayles & Company, L.P. Centerbridge Capital Partners Pacific Investment Management Company (PIMCO) Charles River Ventures Shenkman Capital Management Charlesbank Capital Partners Distressed Debt Managers Charterhouse Capital Partners Angelo, Gordon & Co. Chesquers Capital Avenue Capital Group Code Hennessey & Simmons Crescent Capital Group Commonwealth Capital Ventures GSO Capital Partners Crossroads Capital Oaktree Capital Management Crossroads Group Trust Company of the West CVC European Equity Partners Wayzata Investment Partners Cypress Group LLC Emerging Markets Equity Managers Cypress Merchant Banking Ashmore EMM, L.L.C. DLJ Merchant Banking GMO LLC El Dorado Ventures State Street Global Advisors Equitable Capital Management T. Rowe Price Essex Woodlands Natural Resources Ethos Private Equity Denham Capital Management Exponent Partners Jennison Associates First Reserve Corporation Quantum Energy Partners Flagship Ventures T. Rowe Price Forstmann, Little & Co.
    [Show full text]
  • Sample Pages.Indd
    2008 Preqin Distressed Private Equity Review - Sample Pages The 2008 Preqin Distressed Private Equity Review - Sample Pages © 2008 Preqin Ltd 1 2008 Preqin Distressed Private Equity Review - Sample Pages Contents 1. Executive Summary 7 9. Fund Terms Listings 83 - Key terms and conditions for 34 distressed private equity funds 2. Data Sources 13 10. Analysis of Distressed Private Equity Performance 89 3. Review of the Distressed Private Equity Market 17 - DPI, RVPI, TVPI and Median IRR, Distressed Private Equity vs. Buyout - Overview of the global distressed private equity market, fund size and All Private Equity, Risk and Return of Distressed Private Equity evolution, investment strategies, differentiation with distressed hedge funds, overview of the universe of distressed private equity fi rms, 11. Distressed Private Equity Firm Profi les 95 buyout fi rms turning to distressed private equity, distressed private equity market in relation to fi nancial crisis, current and forthcoming - Detailed profi les for 107 fi rms managing distressed private equity funds market conditions 12. Analysis of Distressed Private Equity Fund of Funds 181 4. Review of Distressed Private Equity Fundraising: 31 2007 - 2008 H1 13. Listings of Distressed Private Equity Fund of Funds 185 - Fundraising market size and growth, fundraising by geographic focus, success in achieving target size, breakdown of the fundraising market by fund size, fundraising market by fund type 14. Review of Investors in Distressed Private Equity Funds 191 - Investors by location and type, results of investor survey, key differences between investors in different regions 5. Listings of Distressed Private Equity Funds Closed: 39 1995 - 2008 15. Pro fi les for Key Investors in Distressed Private Equity Funds 201 6.
    [Show full text]
  • Oral History with William P. Egan
    2UDO+LVWRU\ZLWKWilliam P. Egan NVCA Oral History Collection This oral history is part of National Venture Capital Association (NVCA) Oral History Collectionat the Computer History Museum and was recporded under the auspieces of the NVCA. In November 2018, the NVCA transferred the copyright of this oral history to the Computer History Museum to ensure that it is freely accessible to the public and preserved for future generations. CHM Reference number: X8628.208 © 201 Computer History Museum National Venture Capital Association Venture Capital Oral History Project William P. Egan Interview Conducted by Carole Kolker, PhD November 4, 2010 This collection of interviews, Venture Capital Greats, recognizes the contributions of individuals who have followed in the footsteps of early venture capital pioneers such as Andrew Mellon and Laurance Rockefeller, J. H. Whitney and Georges Doriot, and the mid-century associations of Draper, Gaither & Anderson and Davis & Rock — families and firms who financed advanced technologies and built iconic U.S. companies. Each interviewee was asked to reflect on his formative years, his career path, and the subsequent challenges faced as a venture capitalist. Their stories reveal passion and judgment, risk and rewards, and suggest in a variety of ways what the small venture capital industry has contributed to the American economy. As the venture capital industry prepares for a new market reality in the early years of the 21st century, the National Venture Capital Association reports (2008) that venture capital investments represented 21 percent of U.S. GDP and was responsible for 12.1 million American jobs and $2.9 trillion in sales.
    [Show full text]
  • Select Sec and Finra Developments and Enforcement Cases
    2017 YEAR IN REVIEW: SELECT SEC AND FINRA DEVELOPMENTS AND ENFORCEMENT CASES www.morganlewis.com Table of Contents TABLE OF CONTENTS ............................................................................................. I-IV EXECUTIVE SUMMARY ........................................................................................... 1-4 The SEC ..................................................................................................... 1-2 FINRA ........................................................................................................ 3-4 US SECURITIES AND EXCHANGE COMMISSION ........................................................ 5-79 Personnel Changes .................................................................................... 5-11 Enforcement Statistics ............................................................................. 11-12 Categories of Cases ................................................................................. 12-13 Civil Penalties and Disgorgement Orders................................................... 13-14 Additional Statistics ................................................................................. 14-15 Office of the Whistleblower ...................................................................... 16-19 Key SEC Enforcement Developments ........................................................ 19-25 Additional Areas of Focus for the Enforcement Division ............................. 25-28 Looking Ahead .......................................................................................
    [Show full text]
  • PENSION RESERVES INVESTMENT TRUST FUND (A Component Unit of the Commonwealth of Massachusetts)
    PENSION RESERVES INVESTMENT TRUST FUND (A Component Unit of the Commonwealth of Massachusetts) COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Year Ended June 30, 2011 Prepared By Pension Reserves Investment Management Board Staff PENSION RESERVES INVESTMENT TRUST FUND For More Information All correspondence may be directed to: Paul Todisco Senior Client Service Officer Pension Reserves Investment Management Board 84 State Street Boston, MA 02109 Telephone: 617‐946‐8423 (Direct) Facsimile: 617‐946‐8475 Website: www.mapension.com COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR 2011 PENSION RESERVES INVESTMENT TRUST FUND Table of Contents Page Introductory Section: Letter of Transmittal 3 – 10 Certificate of Achievement for Excellence in Financial Reporting 11 Organizational Chart 12 PRIM Board Trustees 13 Advisory Committees to the PRIM Board 14 – 15 PRIM Board Consultants 16 Financial Section: Independent Auditors’ Report 17 – 18 Management’s Discussion and Analysis 19 – 22 Basic Financial Statements: Statements of Pooled Net Assets 23 Statements of Changes in Pooled Net Assets 24 Notes to Financial Statements 25 – 48 Supporting Schedules: Schedules of Pooled Net Assets – Capital Fund and Cash Fund 49 Schedules of Changes in Pooled Net Assets – Capital Fund and Cash Fund 50 Investment Section: 51 – 102 Statistical Section: Schedules of Changes in Net Assets 103 Financial Highlights 104 – 106 Financial Highlights Ratios 107 – 110 PRIT Core Fund Asset Allocation 111 COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR 2011 PENSION RESERVES INVESTMENT TRUST FUND Introductory Section COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR 2011 PENSION RESERVES INVESTMENT TRUST FUND THIS PAGE INTENTIONALLY LEFT BLANK Pension Reserves Investment Management Board 84 State Street, Suite 250 Steven Grossman, Chair Boston, Massachusetts 02109 Michael G.
    [Show full text]