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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Serruya FO, Lion Capital partner in acquiring Global Franchise GroupPosted: 12/05/2018 |
Subscription Required Family office Serruya Private Equity partnered with Lion Capital in acquiring the owner of Great American Cookies, Round Table Pizza and other retail food brands. Last month, Lion and SPE acquired Global Franchise Group from Levine Leichtman Capital Partners. The Los Angeles PE firm announced the sale but did not disclose the terms or buyers. The […] | | Read more... | |
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New Mexico reaches into 2019 pot to ensure space in Blackstone real estate megapoolPosted: 12/04/2018 |
Subscription Required New Mexico State Investment Council does not like to miss opportunities to invest with its preferred managers. The fund at its Nov. 29 meeting committed $100 million to Blackstone Group’s ninth real estate fund, making the allocation early out of its 2019 target. The sovereign fund had already used up its 2018 allocation target, Jack […] | | Read more... | |
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New Jersey commits to TPG Rise Fund II, TSG consumer fundPosted: 12/04/2018 |
Subscription Required New Jersey State Investment Council approved $275 million in private equity commitments at its November meeting, backing TPG’s second social-impact fund and a middle-market consumer fund. The $79.4 billion state pension system committed up to $125 million to Rise Fund II, which is part of the TPG Growth platform. Rise Fund, which has a $3.5 […] | | Read more... | |
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LPs seek sector specialization, especially in healthcare: surveyPosted: 12/03/2018 |
Subscription Required Many limited partners are seeking additional expertise in specific industry sectors, and a majority see healthcare and pharma as areas rich in opportunity, according to a new survey. Nearly one in five LPs are planning to allocate additional resources to sector specialization, according to Coller Capital’s Global Private Equity Barometer for winter 2018-2019. Coller surveyed 100 […] | | Read more... | |
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FO L2Capital, independent sponsor Lakewood partner to buy recruiterPosted: 12/03/2018 |
Subscription Required L2Capital Partners, Bob Levine’s family office, in partnership with independent sponsor Lakewood Capital bought Orion ICS and its subsidiary Novotus on Monday. Previously Orion Talent, the executive-search firm connects businesses with military candidates for recruitment needs. Clients include engineering companies like Siemens, construction, medical, paper and food industries, among others. Orion acquired recruiting-process outsourcer Novotus in 2016 to […] | | Read more... | |
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MassPRIM forms new relationship with JMI EquityPosted: 11/30/2018 |
Subscription Required Massachusetts Pension Reserves Investment Management Board at its Nov. 29 meeting committed $105 million to two managers, investing in software-focused growth equity and venture capital. The $77.2 billion pension system approved a commitment of up to $75 million to JMI Equity Fund IX and $30 million to Flagship Pioneering Special Opportunities Fund II. MassPRIM had […] | | Read more... | |
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Illinois Municipal broadens PE focus as it mulls reducing assumed returnsPosted: 11/30/2018 |
Subscription Required Illinois Municipal Retirement Fund’s board at its Dec. 14 meeting will consider reducing its assumed rate of investment returns, driven by concern about higher market volatility and decreasing returns across asset classes. The pension system has maintained 7.5 percent assumed returns for 25 years. This is the second time the pension system’s actuarial consultant, GRS Retirement […] | | Read more... | |
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Koch family’s investment arm invests in family-backed Getty ImagesPosted: 11/29/2018 |
Subscription Required Koch Equity Development, the investment arm of privately owned Koch Industries, is investing $500 million in family-owned Getty Images for a non-controlling stake in the stock-photo company. It’s unclear how big Koch’s holding is in Getty, which is laboring under a heavy debt load. The Getty family is retaining control over the company, a statement […] | | Read more... | |
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