Montana bets $20 mln on Foundation’s ninth fund as commitments risePosted: 04/04/2019 |
Subscription Required Montana Board of Investment at its April meeting made a commitment to a Silicon Valley-based Foundation Capital’s ninth fund. Montana pledged $20 million to Foundation’s Fund IX, which focuses on technology markets, a person familiar with the deal told Buyouts. The fund is targeting $350 million, according to an SEC filing. Foundation closed Fund VIII […] | | Read more... | |
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Illinois MRF bets big with Inflexion Private EquityPosted: 04/03/2019 |
Subscription Required Illinois Municipal Retirement Fund at its March meeting committed heavily to funds from Inflexion Private Equity, which target the lower mid-market in the U.K. IMRF pledged £70 million ($92 million) to Inflexion’s Enterprise Fund V and Supplemental Fund V. It also committed £150 million ($197 million) to Inflexion Strategic Partners. It’s not clear how much […] | | Read more... | |
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Orange County eyes up to $450 mln in PE commitments this yearPosted: 04/02/2019 |
Subscription Required Orange County Employees Retirement System set its 2019 private equity pacing plan at its March meeting, increasing its target allocation from the previous year. In a memo to the investment committee, Molly Murphy, OCERS’s chief investment officer, recommended that the board commit $400 million to $450 million in private equity for the year to stay […] | | Read more... | |
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Emerging Manager Roundup: ATL, Tower Arch, Tiger Infrastructure, Triangle Peak and morePosted: 04/02/2019 |
Subscription Required Emerging managers are keeping up their pace in the strong fundraising environment that appears to be welcoming to newer shops. Seventeen emerging managers raised more than $2.4 billion from the time period of March 13 through March 26, according to Buyouts data. ATL Partners outraised all firms with $475 million for Fund II. The firm […] | | Read more... | |
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LACERS to commit up to $170 mln a year to real estate fundsPosted: 04/01/2019 |
Subscription Required Los Angeles City Employees’ Retirement System set its annual real estate pacing at its March meeting. LACERS will commit between $140 million to $170 million in real estate commitments for the year, in its Core and Non-Core funds, according to its real estate fiscal year 2019-20 strategic plan. In April 2018, on the advice of […] | | Read more... | |
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Fresh Profile: Haas Portman brings large network to bear on dealsPosted: 04/01/2019 |
Subscription Required Haas Portman, an Atlanta-based joint-family office, tries to double its expertise on deals it chases: it taps co-investors from its extensive network with experience in its target sectors. As an example, the family office, formed in 2013, would bring in experienced food investors into a food and beverage deal, explained Grant Haas, who manages the […] | | Read more... | |
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NJ Pension sets annual pacing target for real estate investmentsPosted: 03/29/2019 |
Subscription Required New Jersey State Investment Council plans to commit between $225 million to $300 million in real estate investments this year, according to notes from its March meeting. The system is following this pacing model to achieve its target allocation of 7.25 percent. The system’s current allocation as of September was 6.83 percent, pension documents said. […] | | Read more... | |
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Kansas backs TA and Platinum EquityPosted: 03/28/2019 |
Subscription Required Kansas Public Employees Retirement System at its March meeting made $150 million in commitments to private equity and real estate funds. Board commitments include: $50 million to TA Associates’ 13th fund, targeting $7.5 billion; $50 million to Platinum Equity Capital Partners V, targeting $8 billion, according to a person with knowledge of the system. KPERS […] | | Read more... | |
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Vermont considers commitments to Siguler Guff, HarbourVestPosted: 03/26/2019 |
Subscription Required Vermont Pension Investment Committee at its March meeting reviewed potential $150 million in private equity commitments for 2019. VPIC is considering expanding its relationship with global private equity investment firm HarbourVest with a $100 million commitment to its Dover Street X fund. HarbourVest has been the only fund that VPIC has invested in since the […] | | Read more... | |
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Private Eye: Liberty Partners captive program may offer cautionary tale for CalPERSPosted: 03/26/2019 |
Subscription Required A trio of CalPERS investment-committee members this month objected to a plan to create two captive private equity funds, and the experience of sister state pension Florida State Board of Administration suggests they’re right to have concerns. Such programs don’t always work out as advertised. Under the proposed plan, approved in concept by the committee in […] | | Read more... | |
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