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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Idaho mulls re-up to Lindsay Goldberg; Frazier, Veritas, TPG, Leonard Green, Blackstone boost PE returnsPosted: 01/16/2019 |
Subscription Required Public Employee Retirement System of Idaho is mulling a $50 million re-up to Lindsay Goldberg’s fifth fund, targeting $4 billion. The system re-upped $140 million to PE in 2018, including $50 million each to Blackstone’s third energy fund and TPG Partners’ eighth flagship fund, a Jan. 15 presentation by its investment adviser, Hamilton Lane, said. […] | | Read more... | |
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Skyview Capital, investing on behalf of families, builds call-center platformPosted: 01/16/2019 |
Subscription Required Skyview Capital, a family office in Los Angeles, is working to complete this month a deal that would create a call-center platform employing about 16,000 people worldwide. Launched by a former Platinum Equity executive, Skyview is acquiring a portfolio of customer-care contracts from Conduent Inc. The portfolio generated about $500 million in revenue in 2017. […] | | Read more... | |
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JAB’s Becht retires; family office and coffee powerhouse adds 3 partnersPosted: 01/15/2019 |
Subscription Required Lambertus Becht, partner and chairman at JAB Holding Co, which invests on behalf of Germany’s Reimann family, is retiring, a news release said. Fabien Simon, Ricardo Rittes and Jacek Szarzynski will join the JAB partnership. JAB is also opening a new office in Sao Paulo, Brazil. JAB invests the wealth of four members of the Reimann […] | | Read more... | |
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Virginia Retirement commits to Abry; PE highest returning asset classPosted: 01/14/2019 |
Subscription Required Virginia Retirement System at its Jan. 14 meeting disclosed a $35 million commitment to Abry Partners’ ninth fund, targeting $2.1 billion. Last year Virginia also acquired a combined $31 million of stakes in ABRY Partners VII and VIII on the secondary market, ActiveLPs reported. Founded in 1989 by ex-Bain & Co execs Andrew Banks and […] | | Read more... | |
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Texas Municipal emerges as LP of choice for small and mid-market managersPosted: 01/14/2019 |
Subscription Required Texas Municipal Retirement System, just four years into launching its new PE program, has built itself into an LP of choice for the smaller side of the market. Small managers are one of the more popular strategies large LPs are pursuing, with several big institutions like CalPERS and CalSTRS carving out separate allocations just to […] | | Read more... | |
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