Fresh Profile: Hicks family office’s PE arm raises funds for food and beverage investmentsPosted: 10/12/2018 |
Subscription Required Hicks Equity Partners, the private equity arm of Thomas Hicks’s holding company Hicks Holdings, raised more than $24 million for two specialty funds, a Form D said. Hicks became famous for the Dr Pepper deal his PE firm, Hicks & Haas, executed in the 1980s. And he faced intense media scrutiny later for his sports investments in the Texas Rangers, Dallas Stars, Liverpool soccer […] | | Read more... | |
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Iowa PERS hires Kalytix, begins process for internal investment managementPosted: 10/10/2018 |
Subscription Required Iowa Public Employees’ Retirement System hired Kalytix Partners for consulting services to set up its internal investment management system, a press release said. The pension system issued a request for proposal in April. The three finalists were C&A Consulting, Funston Advisory and Kalytix. IPERS awarded the contract to Kalytix for a flat fee of $110,000 […] | | Read more... | |
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Five Questions with Mike Gabrail of FO Crossroads GroupPosted: 10/10/2018 |
Subscription Required Crossroads Group represents the interests of the Gabrail family. Originally from Iraq, Nashat Gabrail moved to the U.S. in the early 1980s and set up an oncology practice in Ohio. He was an early adopter of administering chemotherapy in his clinic, which later became a research facility for oncology clinical trials. Paul Gabrail, his elder […] | | Read more... | |
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Asia-Pacific sovereign funds lift allocations to alternatives; U.S. an attractive investment destination: studyPosted: 10/09/2018 |
Subscription Required Spurred by declining growth worldwide and lower interest rates and returns, Asia-Pacific sovereign-wealth funds are increasingly allocating to alternative strategies. Most sovereign funds invest directly in private markets but will partner with specialist PE managers for new and esoteric strategies, a recent Cerulli Associates report said. Private equity firms with unique strategies, strong track records […] | | Read more... | |
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Pennsylvania PSERS mulls re-up to Bain’s fourth Asia fundPosted: 10/09/2018 |
Subscription Required Pennsylvania Public School Employees’ Retirement System is mulling a re-up to Bain Capital’s fourth Asia fund, its October meeting agenda said. Bain Capital is targeting $4 billion for this fund, Reuters reported in April. The pension system committed $480 million to four Bain funds over the years. PA PSERS committed $130 million to Bain’s third […] | | Read more... | |
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Q3 Fundraising: LPs wary but generous in strong quarterPosted: 10/08/2018 |
Subscription Required Investors in third-quarter 2018 were simultaneously frustrated by the power held by in-demand general partners and yet competing for their approval across a wide variety of fund types. GPs raised $135.8 billion over the first three quarters of 2018, versus $174.9 billion in the year-earlier period. While 2018 isn’t on pace to match 2017’s frenzied […] | | Read more... | |
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Stanford investment returns beat Harvard, underperform other peersPosted: 10/05/2018 |
Subscription Required Stanford University’s investment portfolio generated an 11.3 percent return as of June 30, 2018, down almost 14 percent from the previous-year return of 13.1 percent. While Stanford beat Harvard University, which generated returns of 10 percent, it did not perform as well as other peers. Massachusetts Institute of Technology returned 13.5 percent, University of Pennsylvania returned 12.9 percent, Yale University returned 12.3 […] | | Read more... | |
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LP Commitment Q3 Review: MassPRIM commits $600 million to PEPosted: 10/05/2018 |
Subscription Required Public pensions tracked by Active LPs committed more than $5.9 billion to private equity funds in Q3. Massachusetts Pension Reserves Investment Management Board led the way, committing at least $600 million in the third quarter. During the quarter it backed Hellman & Friedman IX, Lovell Minnick Equity Partners V and TCV X. New Jersey Division […] | | Read more... | |
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Arizona PSPRS mulls re-up to Castle Creek, commits to Littlejohn, Vivo Posted: 10/05/2018 |
Subscription Required Arizona Public Safety Personnel Retirement System is mulling a $45 million re-up to Castle Creek Capital’s seventh fund. The pension system also finalized a $40 million direct commitment and a $20 million co-investment reserve to Littlejohn & Co’s sixth fund. In addition, it committed $50 million and a $20 million co-investment reserve to Vivo Capital’s ninth fund in July/August, its […] | | Read more... | |
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Family offices lift CIOs’ salaries, look to increase diversityPosted: 10/04/2018 |
Subscription Required Boosted by good performance and increased demand for investment talent, chief investment officer salaries at family offices increased 14 percent in 2018. The majority of CIOs were paid a mix of discretionary and formulaic bonuses and received additional non-cash benefits. Seventy-eight percent of CIO roles were held by non-family members. Ninety-two percent of the CIOs […] | | Read more... | |
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