The commencement of 2010 has seen a number of private equity investment professionals take up new positions with public pension funds in the US. Ohio Public Employees' Retirement System (OPERS) announced on 29th December that it had hired John Lane as its new director of investments. OPERS, which had been seeking to replace Jennifer Horn following her departure in mid-2009, has assets of approximately $68 billion and invests in private equity through its defined benefit plan. Mr Lane previously held similar positions with two other private equity investors, namely Pennsylvania Public School Employees' Retirement System (which has a target allocation for private equity of 17% of invested assets) and, more recently, Eastman Kodak Company Pension Fund.
New Hampshire Retirement System has also installed a new director of investments this month, with Lawrence Johansen assuming the role previously occupied by the aforementioned Mr Shafer. The retirement system, which has approximately $57 million invested in private equity, recruited Mr Shafer from New York State Teachers' Retirement System, a prominent investor in the asset class.
Assuming a newly created position, Donald Holcher is now managing director of alternative assets and real estate at $13 billion San Francisco City & County Employees' Retirement System (SFERS). Mr Holcher has been with the retirement system for around ten years, while SFERS itself has been committing to private equity funds for more than two decades.
More information on institutional investors in private equity, and the key contacts at each institution, can be found on Preqin’s Investor Intelligence database.