Angela Sormani
In this scorecard, Buyouts takes a look at the top and bottom five performing small buyout vehicles within Washington State Investment Board’s private equity portfolio, according to its most recent performance data as of September 30, 2012.
Europe leads the way in Washington State Investment Board’s mezzanine commitments, according to its most recent performance data as of September 30, 2012. The state pension fund has committed to 11 mezzanine funds with vintages ranging from 1985 to 1999.
The Oregon Investment Council, which runs the approximately $60 billion Oregon Public Employees Retirement Fund is invested in some 37 debt-related investment vehicles including, distressed debt, mezzanine and special situations funds.
New York City Police Pension Fund had a bumper year of commitments in 2006 investing in some 25 private equity vehicles (not including secondary funds)—its largest vintage year of commitments by number. Here we include the top ten buyouts funds it committed to that year (excluding secondary vehicles) and compare the results to the median, top and bottom quartile multiples and IRRs for the entire New York City Police Pension Fund portfolio, as of June 30, 2012.
Advent International takes the first and fourth spots of the $165.8 billion Canadian Pension Plan Investment Board’s top ten largest private equity fund managers performance rankings by multiple as of September 30, 2012.
The usual mid-market suspect comes top of this week’s scorecard looking at the top performers of the $49 billion Massachusetts Pension Reserves Investment Management Board private equity portfolio as of September 30, 2012. The scorecard also highlights the bottom five performers of this sub-set, which interestingly also includes this week’s top performer.
The Directive on Alternative Investment Fund Managers is to be implemented within European Union member states by July 22. This directive will have an impact on U.S. private equity fund managers that market fund interests to investors in the EU by creating certain reporting requirements and imposing further transparency regulations within the private fund industry.
A 2008 vintage Chinese tech fund is the top performing emerging market-focused private equity vehicle according to an analysis of emerging market fund returns from the Buyouts fund returns database with data current as of year end 2011. GSR Ventures III achieved an IRR of 55.1 percent and multiple of 1.9x.
Oregon Investment Council, which runs the approximately $60 billion Oregon Public Employees Retirement Fund, has committed over $7 billion to 18 KKR vehicles since it started investing in private equity in 1981. The top performer of the KKR portfolio is its 1983 investment in the KKR 1982 Fund, which posted an IRR of 39.7 percent and multiple of 3.3x as of September 30.
A 2003 vintage fund managed by Angelo, Gordon & Co takes the top spot an analysis of the University of Texas Investment Management Co’s distressed debt and special situations fund commitments in its active portfolio as of November 30, 2012.