Pritzker Private Capital works to push growth in healthcarePosted: 05/28/2019 |
Subscription Required Michael Dal Bello, a Pritzker Private Capital investment partner focused on healthcare, sees further growth for portfolio company PathGroup, which in May acquired Dallas-based Pathologists Bio-Medical Laboratories. “We’ve got a couple new things that we’re working on as we speak,” Dal Bello told Active LPs. “As long as it’s a good cultural fit and we’re all aligned, we would like […] | | Read more... | |
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Washington State’s CIO to retire after 18-year tenurePosted: 05/28/2019 |
Subscription Required Gary Bruebaker, who has been Washington State Investment Board’s CIO since 2001, will retire at year-end after 18 years. WSIB, which manages $104 billion in state pension funds and about $30 billion in other assets, has aggressively allocated to PE. It has a 23 percent target to private equity and a PE portfolio valued at […] | | Read more... | |
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Connecticut considers $75 mln commitment to ClearlakePosted: 05/28/2019 |
Subscription Required Connecticut Office of the State Treasurer said at its May meeting that it was considering backing Clearlake Capital Group’s latest flagship fund. The system may make a $75 million commitment to Clearlake Opportunities Partner II fund, which makes opportunistic credit investments in North American middle-market companies and focuses on structured and distressed equity. State Treasurer Shawn […] | | Read more... | |
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Fresh Profile: Foundation Holdings targets FOs, HNWs for GCC, India-focused investmentsPosted: 05/24/2019 |
Subscription Required Abhishek Sharma, founder and CEO of Foundation Holdings, the Dubai investment firm focused on the GCC region and India, sees the 2008 financial crisis as a learning experience for family offices in the region. “It created a severe dent in the trust across the entire system,” Sharma wrote to Active LPs in response to questions. […] | | Read more... | |
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PA PSERS backs credit and PE funds from Bain, Incline Equity, Hahn & Co.Posted: 05/24/2019 |
Subscription Required Pennsylvania Public School Employees’ Retirement System approved $425 million in private equity and private credit commitments, documents from its May meeting show. The board committed $75 million to Incline Equity Partners’ Elevate Fund, targeting $300 million. The pool focuses on the lower-middle market and invests in distribution services, business services and specialized light manufacturing sectors. PA PSERS previously committed […] | | Read more... | |
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Family office OZ investments face a time crunchPosted: 05/23/2019 |
Subscription Required During a panel at Buyout Insider’s Family Office Connect conference on May 22, Kamil Homsi, founder of Global Realty Capital, said investors had not been given enough time to fully understand Opportunity Zone investments and meet looming deadlines, and that efforts were already underway to extend the program to 2032. Homsi was asked about how […] | | Read more... | |
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Tricor Pacific closes first deal of new strategy, buys welding-parts maker RockmountPosted: 05/23/2019 |
Subscription Required Tricor Pacific Capital wrapped up the inaugural deal of its new diversified investments strategy, acquiring a provider of maintenance welding solutions. The Canadian family office bought Rockmount Research & Alloy, a Vancouver, Washington, maker and distributor of branded consumable industrial welding-alloy tools and accessories. Terms weren’t disclosed for the deal, which was finalized in March. […] | | Read more... | |
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Ohio P&F backs Stone Point’s latest flagshipPosted: 05/23/2019 |
Subscription Required In its effort to slow down private-market commitments this year, Ohio Police & Fire Pension Fund at its May meeting backed only one PE fund. The board recommended a $20 million commitment to Stone Point Capital’s Trident VIII fund. The pool, hard-capped at $6.5 billion, focuses on financial services in North America and Western Europe. Ohio P&F […] | | Read more... | |
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Emerging Manager Roundup: Trott’s BDT, Old Ironsides, Butterfly, NFX and morePosted: 05/23/2019 |
Subscription Required Call it a fundraising frenzy. 22 emerging managers raised more than $9.4 billion from May 8 through May 22, according to Buyouts data. BDT Capital was most responsible for the surge. The firm, founded by former Goldman Sachs banker Byron Trott, raised $6.3 billion for its third fund. The Chicago firm is reported to target […] | | Read more... | |
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Investors gauge FO interest in opportunity zonesPosted: 05/22/2019 |
Subscription Required Amid the excitement over Opportunity Zones at the second day of Buyouts Insider’s Family Office Connect conference in New York, some doubts about OZs as they are currently constituted seeped in. Chris Milner, head of real estate investment management for Cantor Fitzgerald, mentioned his firm’s joint OZ venture with Silverstein Properties, but said his firm now […] | | Read more... | |
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