Indiana PRS commits $311 mln to PE, eyeing tech and EuropePosted: 02/26/2019 |
Subscription Required By Teddy Grant Indiana Public Retirement System’s board in the past five months approved more than $311 million in private equity commitments, including new investments in a tech-sector fund and European markets, the system said at its February meeting. The system has been steadily growing its private-markets portfolio, to around 12.2 percent of the total portfolio. […] | | Read more... | |
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Say hello to new Active LPs reporter Teddy GrantPosted: 02/25/2019 |
Subscription Required Hello! My name is Teddy Grant and I have just joined Active LPs to cover pension funds and family offices. I earned my master’s degree in journalism at the City University of New York Graduate School of Journalism in 2017. Prior to joining ALPs, I was the culture and political writer for Ebony magazine. My work […] | | Read more... | |
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Washington State backs TPG and TPG Sixth Street with new PE commitmentsPosted: 02/25/2019 |
Subscription Required Washington State Investment Board at its February meeting approved $750 million in private equity commitments, backing funds focused on growth, credit, and impact investments. The board committed: $300 million to Stone Point Capital’s Trident VIII fund, which has a $6.5 billion hard cap and will focus on North America and Western Europe buyouts in the […] | | Read more... | |
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Texas TRS hires emerging manager director from Illinois TeachersPosted: 02/22/2019 |
Subscription Required Teacher Retirement System of Texas hired Kirk Sims from Illinois Teachers Retirement System to lead its emerging manager program. The $150 billion Texas Teacher pension has an active emerging manager program, with $3.7 billion committed since inception, and another $2.1 billion invested with firms that had graduated from the EM Program, including Vista Equity Partners. The pension launched an […] | | Read more... | |
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CDPQ’s PE group deploys C$9 bln in 2018, earns 16.6 pct returnPosted: 02/21/2019 |
Subscription Required Caisse de dépôt et placement du Québec deployed more than C$9 billion ($6.8 billion) in the global private equity market in 2018, ending the year with net assets of C$42.9 billion. PE investments generated a net return of 16.6 percent last year, exceeding a benchmark of 8.7 percent, according to the pension fund’s financial report. […] | | Read more... | |
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How much do you really know about family offices?Posted: 02/20/2019 |
Subscription Required If you’re like us, you probably think you know quite a bit about family offices. Read on to see how your beliefs stack up against the findings of our analysis of our family office database. The database has quickly grown to 376 profiles, so we thought it would be fun to dig into the data […] | | Read more... | |
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TH Lee fund revamp stalls amid price wranglingPosted: 02/20/2019 |
Subscription Required One of the largest GP-led fund restructurings in the market has apparently stalled, five sources told Buyouts in recent interviews. Thomas H. Lee Partners’ restructuring of its sixth fund, an $8.1 billion fund raised in 2006, is delayed and the parties may be renegotiating pricing, sources said. The buyers leading the deal are Coller Capital, Neuberger […] | | Read more... | |
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CalPERS eyes secondaries, co-investing to boost PE exposurePosted: 02/20/2019 |
Subscription Required California Public Employees’ Retirement System is looking for more traditional ways to boost its exposure to private equity, including buying secondaries and increased co-investing. Even as CalPERS explores plans to launch its own captive private equity funds, the $354 billion retirement system could benefit from opportunistic reengagement with secondaries and co-investment, according to its PE […] | | Read more... | |
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In fast-moving cannabis investing, family offices hit obstaclesPosted: 02/18/2019 |
Subscription Required Family offices have been eager and leading investors in the growing cannabis market, using their advantages over traditional PE to explore opportunities. But investors and family office executives say many FOs also face obstacles as they try to put their money down in a complex logistical and legal environment. Family offices are “not equipped to […] | | Read more... | |
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Emerging Manager Roundup: White Deer Energy, DBAY, Tuatara, Autotech and morePosted: 02/14/2019 |
Subscription Required Emerging managers raised $1.7 billion over the past few weeks, the lowest two-week volume of the year. Six PE firms raised over $100 million. No firm raised as much as White Deer Energy. Its third flagship closed at $557 million and will target middle-market energy companies. London-based DBAY Advisors raised over $244.7 million for its […] | | Read more... | |
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