private equity

Proposed Real Estate Investment in AEW Core Open-End Fund

Memorandum to: State Investment Council From: William G. Clark, Director Subject: Proposed Real Estate Investment in AEW Core Open-End Fund This due diligence memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9 to report on a proposed real estate investment of an additional $100 million in the AEW Core Open-End […]

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Private Equity Investments into The Resolute Fund II and Carlyle Mezzanine Partners II

Memorandum to: State Investment Council From: William G. Clark, Director Subject: Proposed Private Equity Investment in The Resolute Fund II, LP and Carlyle Mezzanine Partners II, LP. This due diligence memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9 (a) to report on two proposed private equity investments: a $100

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PSERS Recommends $300MM to Lehman Brothers Real Estate Partners III, L.P.

Executive Summary Lehman Brothers Real Estate Partners III, L.P. (together with its parallel funds, the “Fund” or “LBREP III”) is a global real estate merchant banking fund being formed to continue Lehman Brothers’ successful real estate investment activities. The Fund is the third generation opportunistic real estate private equity fund of Lehman Brothers Holdings Inc.

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Proposed Hedge Fund Investments in Level Global and Pendragon (Lancelot II) Fund

Memorandum to: State Investment Council From: William G. Clark, Director Subject: Proposed Hedge Fund Investments in Level Global, LP and Pendragon (Lancelot II) Fund, LLC This due diligence memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9(a) to report on two proposed direct hedge fund investments: a $75 million commitment

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Proposed Private Equity Investments in Wayzata Opportunities Fund II, NJAI Fund I, and BlackRock

Memorandum to: State Investment Council From: William G. Clark, Director Subject: Proposed Private Equity Investments Wayzata Opportunities Fund II, L.P, NJAI Fund I, L.P. and BlackRock – SONJ Private Opportunities Fund II, L.P. and Side Car Fund I This due diligence memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9

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PSERS Recommends $75MM to Lehman Brothers Venture Partners V, L.P.

Introduction Lehman Brothers Venture Partners V, L.P. is a $300 million venture capital investment partnership being formed and managed by Lehman Brothers Venture Partners. The Partnership will seek to achieve superior risk-adjusted returns through investments in venture-backed technology companies. LBVP intends to leverage the Lehman Brothers platform to source, evaluate and execute investments, as well

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PSERS Recommends $100MM to Lehman Brothers Merchant Banking Partners IV, L.P.

Overview Lehman Brothers Merchant Banking Partners IV L.P. (the “Partnership” or “Fund IV”) is a global private equity investment fund sponsored by Lehman Brothers Holdings Inc. (‘‘LBHI’’ and together with its affiliates, ‘‘Lehman Brothers’’ or the ‘‘Firm’’). Lehman Brothers Merchant Banking Associates IV L.P., an affiliate of LBHI, will be the general partner of the

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PSERS Recommends $400MM to Morgan Stanley Real Estate Fund VI International, L.P.

Executive Summary Morgan Stanley is sponsoring Morgan Stanley Real Estate Fund VI International, L.P. (“MSREF VI International” or the “Fund”), a global opportunistic real estate private equity fund managed by its affiliate Morgan Stanley Real Estate Funds (“MSREF”). MSREF has managed eight predecessor funds with over $12 billion of aggregate equity commitments. It is the

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PSERS Recommends $200MM to TPG Partners V, L.P.

Executive Summary TPG Partners V, L.P. (“TPGV”) is being formed by the principals (the “Principals”) of Texas Pacific Group (“TPG”) primarily to make significant investments in operating companies through acquisitions and restructurings. TPG is one of the largest private equity managers in the world. Since its inception in August 1992, TPG has raised over $13.5

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