Christopher Witkowsky

Carlyle's Robert Grady and Byrne Asset Management exec Tom Byrne have been appointed to the 13-member pension investment council. Jeff Oram, a director at Marcus & Millichap, has also been appointed.

In a softening of the original proposal, the SEC has decided to prohibit only unregistered placement agents from soliciting US public pensions on behalf of private equity firms.

A panel at PEI Media’s compliance forum this week talked about the tough fundraising environment, placement agents and the effects forced registration would have on marketing new funds.

The US Securities and Exchange Commission's alternatives investigation unit is ramping up its focus on private equity, including taking a closer look at side letters.

New York City’s Mayor reportedly said his friend, the former Quadrangle co-founder, is a ‘scrupulously honest guy’, months after Rattner was accused of ‘unethical’ conduct.

The pension's board, which manages about $110bn in assets, has also significantly increased the target for private equity, as well as strategic investments, which includes debt funds and infrastructure.

The Florida State Board of Administration, which manages the state’s $113bn pension funds, has made commitments to ABRY, Oaktree and Varde, and is negotiating commitments to Audax and GSO.

The $198bn pension has been negotiating with external managers for fee cuts, and has slashed an additional $99m in fees from managers including 13 real estate managers.

The New York-based firm, which is preparing to raise its third fund, may seek out a large investor to buy a stake in its management company and anchor its fundraise.

Placement agent Alfred Villalobos has accused California’s attorney general of trying to ‘deprive’ him of the means to support himself and prepare a defense.