Ohio Retired Teachers Association Sues Ohio STRS for Transparency
The group says the $80 billion pension fund refuses to turn over public documents it needs to conduct an audit.
The Ohio Retired Teachers Association (ORTA) is suing the $80 billion Ohio State Teachers Retirement System (Ohio STRS) to force it to turn over documents in an ongoing audit launched by the association. ORTA says Ohio STRS has not released public financial information required for the audit.
ORTA has raised $75,000 to contract pension audit expert and former Securities and Exchange Commission (SEC) attorney Edward “Ted” Siedle to conduct a forensic audit of Ohio STRS. In February, the law office of former Ohio Attorney General Marc Dann submitted a public records request on behalf of Siedle to Ohio STRS requesting records related to the pension’s investment managers, investment consultants, performance compliance auditor, investment cost monitor, financial auditor, custodians, board, and staff.
Ohio State Teachers calls on Hellman & Friedman buyout fund
Ohio State Teachers calls on Hellman & Friedman buyout fund
Hellman & Friedman Capital Partners X.
It is the $89.5 billion pension fund s fourth commitment to a fund managed by Hellman & Friedman, spokesman Nick Treneff said in an email.
As of March 31, the actual allocation to private equity was 10.5%.
Mr. Treneff could not be immediately reached for further information on previous commitments.
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Buyout firm Genstar raises nearly $12 billion for tenth midmarket fund Tuesday, April 06, 2021
Laxman Pai, Opalesque Asia:
San Francisco-based Genstar Capital has raised about $11.7 billion for its tenth flagship fund - Genstar Capital Partners X.
The private equity manager, which is focused on investments in financial services, healthcare, industrials, and software industries, said in a press release that the latest middle-market buyout fund had $10.2 billion in limited partner commitments and $1.5 billion in overage capacity commitments from selected limited partners.
The fund reached its hard cap and was significantly oversubscribed, closing less than four months after its official launch in December 2020. The announcement comes less than two years after the buyout firm raked in $7 billion for its ninth fund.
Genstar Capital raises nearly $12 billion with latest buyout fund
Genstar Capital raises nearly $12 billion with latest buyout fund
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Genstar Capital has closed Genstar Capital Partners X at its hard cap of about $11.7 billion.
The private equity manager s latest middle-market buyout fund had $10.2 billion in limited partner commitments and $1.5 billion in overage capacity commitments from selected limited partners, a news release said Monday.
The prior fund, Genstar Capital Partners IX, closed at $7 billion in 2019.
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