Family offices seek the next PE superstars in new firmsPosted: 12/14/2018 |
Subscription Required Family offices invest in emerging managers because they see greater opportunity to build meaningful relationships. “Ours is not the family office to come to if you are KKR or TPG,” said Forrest Temple, partner at Reynolds Capital Partners, who spoke on a family office panel at Buyouts Insider’s PartnerConnect Texas conference Dec. 12. Reynolds Capital invests $1 million to $20 million and could be […] | | Read more... | |
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PA PSERS backs billionaire Thomas Tull’s holding company with $100 mlnPosted: 12/13/2018 |
Subscription Required Pennsylvania Public School Employees’ Retirement System is backing a billionaire who formed a holding company to invest in growing businesses. The system committed $100 million to Thomas Tull’s Tulco, which is targeting $150 million in its second funding round to make four to six investments. The holding company raised $36.5 million for its second funding round, which launched in July. This […] | | Read more... | |
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Texas Teachers’ sets out another $1 bln to back young managersPosted: 12/13/2018 |
Subscription Required Teacher Retirement System of Texas hopes a $1 billion mandate will help promising GPs graduate from its emerging-manager program and transition into the regular portfolio. The pension fund has not yet committed to any managers out of the new program, called Emerging Managers Select, CIO Jerry Albright said during a keynote address at Buyouts Insider’s PartnerConnect […] | | Read more... | |
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CPPIB revamps C$80 bln PE program to extend global deal reachPosted: 12/12/2018 |
Subscription Required Canada Pension Plan Investment Board, the world’s biggest institutional investor in private equity, is reorganizing its program to access a broader set of PE opportunities in a challenging market environment. The initiative was set in motion nine months ago, when Senior Managing Director Shane Feeney was appointed global head of PE. Feeney’s job, a new […] | | Read more... | |
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Independent sponsors are hot — but LPs must be careful: panelPosted: 12/12/2018 |
Subscription Required Once shunned, the independent sponsor space is flush with money. But investors and GPs have some words of advice: Tread carefully. “There’s a lot of people throwing money at the independent sponsor” sector, said Nicholas Stone, a principal with Cyprium Partners, who spoke on a panel at Buyouts Insider’s PartnerConnect Texas conference. “It’s a disaster […] | | Read more... | |
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Five Questions with Paul Carbone of PPC PartnersPosted: 12/11/2018 |
Subscription Required PPC Partners was formed in February as the exclusive acquirer of middle-market companies for Pritzker Group Private Capital. Led by Tony Pritzker, president and CEO, and Paul Carbone, president and managing partner, PPC Partners has made two acquisitions and several add-ons since inception. Carbone spoke with ActiveLPs. How did the idea of PPC Partners originate? […] | | Read more... | |
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Pennsylvania PSERS returns to Lindsay Goldberg, commits to fifth fundPosted: 12/10/2018 |
Subscription Required Pennsylvania Public School Employees’ Retirement System committed $150 million to Lindsay Goldberg’s fifth fund, which is targeting $4 billion. The system last committed $300 million to the New York private equity firm’s first fund, Lindsay Goldberg & Bessemer’s Fund I, in 2001. Lindsay Goldberg makes control investments in middle-market family-owned or entrepreneur-led companies in industrial, services, healthcare […] | | Read more... | |
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Fresh Profile: GMH Ventures partners with private equity to get deals donePosted: 12/07/2018 |
Subscription Required GMH Ventures, the family office and investment arm of Gary Holloway Sr., partners with private equity managers and independent sponsors on middle-market acquisitions in manufacturing, distribution and services. Pennsylvania-based Holloway was an early mover in student and military housing and purchased his first student housing community in 1986. From there, he expanded it to more than 29,000 […] | | Read more... | |
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NYC pension system, with $12 bln private equity portfolio, names PE chiefPosted: 12/06/2018 |
Subscription Required New York City Comptroller Scott Stringer named J. David Enriquez as head of private equity within the city’s Bureau of Asset Management, placing him in charge of the city pension funds’ $12 billion private equity portfolio. The five pension funds in the New York City system collectively have $200.2 billion in assets with a $12 billion private […] | | Read more... | |
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Trammell Crow’s family investment arm targets $60 mln for new fundPosted: 12/06/2018 |
Subscription Required Crow Holdings Capital-Investment Partners, a multi-family office that invests on behalf of real estate tycoon Trammell Crow’s family, is raising a $60 million industrials fund, a recent Form D said. CHC-Investment Partners is part of Crow Holdings Capital that also includes CHC-Real Estate. CHC-Investment Partners is led by Michael Silverman, principal and chief investment officer, […] | | Read more... | |
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