Maine PERS PE co-invests post highest returns; mulls pledge to Carlyle infraPosted: 01/28/2019 |
Subscription Required Maine Public Employees Retirement System’s private equity co-investment program produced the highest returns among all co-investment programs, documents obtained via public-records request by ActiveLPs show. The 16 PE co-investments, accounting for almost half (49 percent) the $459 million total co-investments, produced an IRR of 23 percent as of Sept 30, 2018. By comparison, Maine’s infrastructure […] | | Read more... | |
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Altman Foundation eyes secondary market as it builds up PE portfolioPosted: 01/28/2019 |
Subscription Required Altman Foundation, with $270 million in AUM, wants to build secondary-market exposure as a way to access funds at lower commitment sizes, according to John Townsend, vice president and treasurer. “If we pick the right manager with the right strategy at the small/low end of the market, or a manager with good proprietary deal flow […] | | Read more... | |
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Fresh Profile: Falcon, formed by SK Capital founders, has recruited PE talent to compete for dealsPosted: 01/25/2019 |
Subscription Required Falcon Private Holdings, the family office of SK Capital Founders Jamshid Keynejad and Barry Siadat, is bulking up its direct-investment portfolio. The FO was formed almost 10 years ago and its portfolio included Aristech Surfaces, Ascend Performance Materials and a handful of smaller businesses acquired by Keynejad. In 2017, the Boca Raton, Florida-based family office brought […] | | Read more... | |
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Pritzker-backed PPC acquires KabaFusion, its second healthcare investmentPosted: 01/24/2019 |
Subscription Required Pritzker family-backed Pritzker Private Capital added KabaFusion, a provider of acute and specialty home infusion services, to its fast expanding list of acquisitions. PPC’s portfolio includes another healthcare company PathGroup, focused on pathology services. “We like ‘higher efficiency, higher efficacy’ healthcare businesses,” said Michael Dal Bello, investment partner. PPC, which acquires middle-market companies for Pritzker Group […] | | Read more... | |
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Allianz eyes recurring-revenue software as part of recession-resistant strategyPosted: 01/23/2019 |
Subscription Required Allianz Capital Partners is tilting its U.S. private equity investments toward value-oriented strategies that can thrive even during a potential downturn. ACP, the alternative-assets arm of Allianz Group, has made recent commitments to a smaller software-and consumer-focused fund and a deep-value transatlantic fund. It sees those types of investments as typical of the kind of […] | | Read more... | |
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Longtime LP at Texas Teachers’, Thawley, moves to UTIMCOPosted: 01/22/2019 |
Subscription Required Brad Thawley, a longtime PE-investment officer with Teacher Retirement System of Texas, joined UTIMCO on the private-markets team at the start of the year, according to sources. Thawley left Texas Teachers’ around year-end as a senior investment director. He worked at Texas Teachers’ since 2005, according to his LinkedIn profile. The profile has been updated […] | | Read more... | |
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CIM launches ambitious $5 bln opportunity zone fundPosted: 01/21/2019 |
Subscription Required CIM Group has set an ambitious goal for a new investment strategy, targeting $5 billion for an opportunity zone fund, the largest such pool in the market. Los Angeles-based CIM Group, founded in 1994 by Avi Shemesh, Richard Ressler and Shaul Kuba, owns and operates urban real estate, real estate-related assets and infrastructure assets. The company also raises private capital […] | | Read more... | |
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Emerging Manager Roundup: Eclipse, Dignari, New Energy, PeakSpan and morePosted: 01/18/2019 |
Subscription Required Emerging managers started 2019 red hot, closing funds with more than $3.3 billion. Seven private equity firms and four venture capital firm raised more than $100 million. No firm raised as much as Eclipse. The venture firm, founded by Lior Susan, closed its third flagship at $500 million. Not far behind was the PE firm […] | | Read more... | |
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PA PSERS backs Summit’s latest fund, expects it to be oversubscribedPosted: 01/18/2019 |
Subscription Required Pennsylvania Public School Employees’ Retirement System at its Jan. 17 meeting re-upped $150 million to Summit Partners’s 10th growth equity fund targeting $4 billion. The pension system expected the latest fund to close between $4.5 billion and $5 billion, documents said. To date, PA PSERS has committed a total of $425 million to Summit Partners, including $275 […] | | Read more... | |
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Cities and towns gear up to compete for Opportunity Zone investmentsPosted: 01/17/2019 |
Subscription Required Municipal officials from across the country came to New York on Jan. 16 to U.S. Opportunity Zone Expo to speak on the importance of Qualified Opportunity Zones for their communities. Many local and state officials see great potential in the creation of such investment incentives to help fuel redevelopment. “Los Angeles is moving full steam ahead on […] | | Read more... | |
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