Dietrich Knauth
Why is this important: A disconnect: GPs raise more Asia-focused funds while LPs keep focus on North American PE opportunities GPs are raising more and more Asia-focused funds, but LPs remained focused on pursuing North American private equity opportunities, according to recent research from Preqin. In its latest quarterly report on PE and venture capital, Preqin […]
44 pct of funds in market target Asia, 37 pct North America North-America-focused funds target more total capital VC funds had most successful quarter in six years GPs are raising more and more Asia-focused funds, but LPs remained focused on pursuing North American private equity opportunities, according to recent research from Preqin. In its latest […]
Why this is important: San Diego system balks at Blackstone investment CIO: “It just can’t end well.” SDCERA is below 8 pct PE target, hesitant to commit more while GPs have upper hand Blackstone has acquired a 9 percent stake in private equity firm New Mountain Capital, and one LP says that the move […]
San Diego system balks at Blackstone investment CIO: “It just can’t end well.” SDCERA is below 8 pct PE target, hesitant to commit more while GPs have upper hand Blackstone has acquired a 9 percent stake in private equity firm New Mountain Capital, and one LP says that the move speaks to an overheated market […]
Why is this important: Weaker return assumptions are trend among U.S. public pensions AUM: $101 bln 11 pct allocation to PE with a 10 pct target The $101.4 billion Ohio Public Employees Retirement System has lowered its pension plan’s assumed rate of investment return to 7.2 percent from 7.5 percent, based on a more pessimistic near-term […]
$101 bln fund also lowered return assumption in ’16 11 pct allocation to PE with a 10 pct target Weaker return assumptions are trend among U.S. public pensions The $101.4 billion Ohio Public Employees Retirement System has lowered its pension plan’s assumed rate of investment return to 7.2 percent from 7.5 percent, based on a more […]
LACERA has hired Greenhill Cogent to pursue secondary sales Plans to sell $26.7 mln stake in a 2007 vintage buyout fund New commitments include a group of GGV Capital funds The $56.7 billion Los Angeles County Employees’ Retirement Association has an agreement to sell a $26.7 million stake in an older-vintage private equity fund, and […]
The U.S. government is planning to ramp up its scrutiny of foreign investment in national-security-sensitive businesses and technology, which could affect the way some private equity funds deal with potential foreign investors. The 2018 National Defense Authorization Act, passed in August, expanded the jurisdiction of the Committee on Foreign Investment in the United States to include […]
Why is this important: Secondary sales help shift Montana away from older FoF investments State’s $11.2 bln pension plan has 11 pct PE allocation Contact: Dan Villa, executive director, dvilla@mt.gov; main number: +1 406-444-0001 Montana Board of Investments recently sold off a $70 million chunk of its private equity portfolio, part of an overall plan to reduce […]
Secondary sales help shift Montana away from older FoF investments State’s $11.2 bln pension plan has 11 pct PE allocation Montana expects increased focus on Asia and lower-mid markets Montana Board of Investments recently sold off a $70 million chunk of its private equity portfolio, part of an overall plan to reduce its exposure to […]