Ascent II targets businesses across the services, value-added distribution and specialized light manufacturing sectors.
The New York State Common Retirement Fund has backed three private equity funds.
The fund's LPs include existing and new institutional investors, family offices and high-net-worth investors from North America, Europe, the Middle East and Asia.
The proposals, to be voted on in February, include the recategorization of certain private equity assets, the removal of sub-asset class benchmarks and the implementation of new sub-asset class targets.
Credit Fund III targets the senior secured debt of enterprise software companies.
Fund II's LPs include insurance companies, foundations, family offices, endowments, and fund of funds.
As a result of this fundraising, Mountaingate now has over $1.4 billion in total assets under management.
Surprise turnaround may signal revival of state ‘crackdown’ on asset class.
Hildred Equity Partners III's LPs include public pension plans, insurance companies, financial institutions, endowments, private wealth and financial services platforms, family offices, and high-net-worth individuals.
The Austin-based pension fund made three new private equity commitments focused on buyouts and growth equity opportunities in North America and Western Europe.