Christopher Witkowsky
The partnership will target investments in environmentally friendly companies in the US and China, and to some extent Europe.
The performance of mega-funds was a key point at a recent meeting, where a board member said he didn't understand why the pension continued 'to do business with the mega-funds'.
The partnership, called Silver Lake Kraftwerk, will target environmentally friendly growth investments. Cathy Zoi, a former official in the Obama administration, is joining the team.
The $231bn pension also plans to boost its exposure to private debt as well as specialty financing in emerging markets like China and Brazil.
The $231bn pension also plans to 'bolster' its direct investment capabilities and boost its exposure to private debt as well as specialty financing in emerging markets like China and Brazil.
The $231bn pension also plans to boost its exposure to private debt as well as specialty financing in emerging markets like China and Brazil.
The Boston-headquartered private equity veteran is expected to be significantly oversubscribed for its seventh buyout fund, targeting $1.6bn, and its second senior debt fund, targeting $1.3bn.
Monomoy Capital Partners, which recently closed its second fund on more than $400m, has developed a unique system as part of its turnarounds of struggling companies that borrows heavily from Japanese business philosophies. Portfolio company employees trained in the system believe in it with an almost religious fervour.
Evan Bayh, the former US Senator from Indiana, will join the firm as Apollo prepares to go public.
Evan Bayh, the former US Senator from Indiana, will join the firm as Apollo prepares to go public.