Private Equity

A Rocky Mountain pension plan amended its strategic asset allocation targets following a ten-year forward-looking study.

The plan approved its first private equity commitment at a February meeting after establishing a maiden allocation to the asset class last year.

A community foundation in New England added global equity, private equity and hedge fund managers to its investment portfolio last year.

The business combination is expected to drive investing advantages across Ares’ platform, the firm said.

Plan will conduct further due diligence on three emerging markets equity managers following review of an initial search report at this week’s investment committee meeting.

Plan added a $20 million private equity commitment at its board meeting Thursday.