Dietrich Knauth
Why is this important: Endowments, foundations positive about PE in ’19, with particular attention to special situations and growth equity. Endowments and foundations are optimistic about private markets going into 2019 and they view special-situations and growth-equity strategies as offering the most medium-term upside, a recent survey by NEPC shows. Endowments and foundations remain fairly bullish on […]
Endowments and foundations are optimistic about private markets going into 2019 and they view special-situations and growth-equity strategies as offering the most medium-term upside, a recent survey by NEPC shows. Endowments and foundations remain fairly bullish on private equity, although expectations seem to have tempered a bit: 51 percent of respondents said PE would outperform other […]
Oregon committed $200 mln to a China-focused consumer fund The state’s $73.6 bln retirement fund has a target PE allocation of 17.5 pct Oregon is over that target, and is just shy of the upper limits of its allocation range Oregon Investment Council committed $250 million to two private equity partners, adding to a portfolio […]
The market for new private equity funds remains strong going into 2019, with more than $209 billion raised by buyout and mezzanine funds in the past year. Despite an active Q4, which saw $73.2 billion in fundraising, 2018 didn’t match the highs of 2017, when buyouts and mezzanine funds raised $241.6 billion. Still, LP demand […]
Why this is important: Board staff wants private investing kept private, less transparent than the fund’s regular efforts AUM: $340 bln California Public Employees’ Retirement System’s two new proposed private equity vehicles would need to be less transparent than the rest of the pension system to be able to properly make private investments, according to […]
Two new vehicles would not be subject to same transparency rules as CalPERS Expects long-term Horizon fund to earn lower returns than traditional PE Would not fully commit to being sole LP in new funds, leaving door open for partnerships California Public Employees’ Retirement System’s two new proposed private equity vehicles would need to be […]
Added $500 million to emerging PE managers in past year Palladium graduates to transition manager with $75 mln mandate Palladium fourth of five planned transition managers in PE California Public Employees Retirement System set aside an additional $500 million for new private equity managers while also graduating a GP from its emerging manager program. The […]
Why this is important: Texas Teachers’ sets $1 bln plan to help small managers break into portfolio Target allocation to PE: 13 pct AUM: $150 bln Emerging-manager program $8 bln vs $2 bln in 2010 Teacher Retirement System of Texas hopes a $1 billion mandate will help promising GPs graduate from its emerging-manager program and […]
$1 bln plan to help small managers break into portfolio Stepping-stone between EM and core commitment Program will make commitments of $50 mln to $70 mln Teacher Retirement System of Texas hopes a $1 billion mandate will help promising GPs graduate from its emerging-manager program and transition into the regular portfolio. The pension fund has […]
Howard Searing, who had been with DuPont for 16 years, is the third exec to leave the firm’s private markets team in recent months The firm has $2 bln in PE assets under management, down from $3.6 bln in 2015 DuPont’s private markets team focuses on small, mid-market LBOs, special situations, VC A private markets director […]