Timothy Jon Carlson has joined the USD 13.9 billion public pension fund as CIO. He replaces Adam Tosh, who resigned in the summer to become a managing director at the investment consultancy Rogerscasey. Brent Aldridge, the system’s director of alternatives, has been CIO in the interim. With 11.6% of total assets, or approximately USD 1.6 billion, allocated to private equity, KRS is over its 7% target to the asset class (which was 12% until recently). KRS invests in a wide range of private equity fund types but is not interested in funds of funds. It co-invests alongside GPs on a very limited basis.
The USD 1.5 billion California Institute of Technology (Caltech) is seeking a director of investments to focus on private equity. The endowment fund has recently hired a new CIO, Scott Richland. Mr Richland was previously president of private investment firm Lunada Bay Investors. He is likely to review Caltech’s private equity investments in the coming months, as well as examine investment staff resources. Caltech tends to focus on private equity and venture capital investments in the technology sector. The endowment manages its private equity investments in-house.
Another private equity investor, the Australian superannuation scheme VicSuper Fund, is looking to appoint a new CEO by June 2011 as Bob Welsh hsa announced his decision to retire on 31st December 2010. Mr Welsh has led VicSuper since its inception in 1999. The fund is seeking candidates with experience in sustainable investments. Deputy chief executive Michael Geragthy will stand in as the acting CEO during the search for Mr Welsh’s replacement.
Further information on institutional investors in private equity and key contact details can be found on Preqin’s Investor Intelligence database.