Justin Mitchell

New Jersey State Investment Council had a 10.03 percent return on its private equity investments in fiscal 2018-2019, according to meeting materials provided to Buyouts. While PE performed second-best of all the state pension fund’s asset classes, it also failed to meet its benchmark of 12.29 percent. The fund’s overall return in FY 2018-2019 was […]

Paine Schwartz Partners has secured about $1.42 billion for the final close of Paine Schwartz Food Chain Fund V, a source told Buyouts. The fund will focus on the food and agribusiness value chain. As Buyouts has reported, the fund launched in May 2018. Its original target was $1.2 billion. Rhode Island State Investment Commission […]

Apollo Global Management has about $44 billion in dry powder across its platform as of June 30, Co-President and Chief Investment Officer for Credit James Zelter told Buyouts. That includes $34 billion for private equity, $6 billion in credit and $4 billion in real assets, according to the firm’s second-quarter earnings report. The topic came […]

Oregon Investment Council made $1.6 billion in private investment commitments between June and September, including $800 million to private equity, $300 million to alternatives and $500 million to real estate. Private equity • $50 million to Advent Global Technology LP, a $2 billion fund managed by Advent International, which closed earlier this month after beating […]

Singles out the “wealth tax” proposed by Democrats Elizabeth Warren and Bernie Sanders.

Scott Conners, president and managing director of FlowStone Partners, sees an issue in the private equity space. “High-net-worth investors, particularly the mass affluent, are just really underrepresented in alternatives and private equity specifically,” he told Buyouts. “How do you get access to capital that wants to be in private equity but doesn’t have a place […]

Teacher Retirement System of Texas last week reported private equity returns of 4.3 percent for the second quarter, and one-year returns of 10.7 percent as of June 30, below its benchmarks of 4.8 percent and 11.9 percent, respectively. The $156.4 billion fund’s entire portfolio came in below its benchmarks as well, with returns coming in […]

Oregon Investment Council has promoted Eric Messer from investment analyst to investment officer on its private equity team, it announced in a report issued ahead of its meeting last week. Messer started at the Council, which is part of the Oregon State Treasury, in March 2017, coming over after 11 years at Arnerich Massena, an […]

Washington State Investment Board’s staff revealed that $600 million in staff-delegated private equity investments had been implemented at its meeting Thursday, the board said. The investments are: • $200 million to Advent Latin American Private Equity Fund VII, a $2.2 billion fund launched in April by Advent International, according to Reuters. This is the fourth […]

Washington State Investment Board’s Private Markets Committee recommended four investments last week ahead of the Board’s scheduled meeting Thursday. The investments included one to the private equity asset class and three to the tangible assets class, totaling up to $600 million. The private equity investment is: • Up to $200 million to Jade Equity Investors, […]