Justin Mitchell
Private equity asset class range up to 9-15 pct Hedge fund asset class range down to 1-6 pct Total private equity allocation at almost 10 pct New Jersey State Investment Council increased its private equity asset class range Wednesday to 9-to-15 percent of its total allocation from 4-to-12 percent before. “The ranges give the Division […]
CalSTRS reported a 6.8 pct net return for FY 2018-2019 CalPERS reported a 6.7 pct net return for FY 2018-2019 Both pensions’ private equity returns are down from FY 2017-2018 California State Teachers’ Retirement System (CalSTRS) announced Tuesday it returned a net 6.8 percent on investments for the fiscal year ending June 30, slightly below […]
Why this is important: Unigestion wants to do more investments in the US. Unigestion, a Switzerland-based investment manager with $23 billion in assets under management, is targeting 600 million euros (~$674 million) for its second direct investing fund, a source with knowledge told Buyouts. The firm plans its first close by the end of the […]
Why this is important: some OZ funds are taking a more long-term approach. Even amid apparently sparse investor interest in opportunity zones so far, Tony Barkan, founder, co-managing principal and chief executive officer at Allagash Opportunity Zone Partners, is not worried. Allagash is in the market with its first opportunity zone fund targeting $500 million. […]
Why this is important: many family offices like to avoid blind pool funds but also lack the resources to diligence investments. Middlemarch Partners has added Alex Kim and Andrew Marquardt as partners as it seeks to fill out a unique niche in the LP space, providing investment banking to companies and access for family offices […]
Why this is important: Pritzker plans on being very active in industrial services. Pritzker Private Capital plans to get right to work after acquiring Valicor, an Ohio-based provider of non-hazardous wastewater treatment services, in a deal announced Wednesday, with plans to grow the business through acquisitions. “Right out of the chute, I think we’ll have […]
Why this is important: some investors are taking the plunge on OZ deals, but it is important to proceed with caution. Bridge Investment Group has many more opportunity zone investments planned following its announcement Tuesday that it had deployed $509 million into 12 projects in eight different states. Those investments are part of an opportunity […]
Why this is important: investors appear to be carefully choosing their OZ deals. Jackson Dearborn Partners LLC was already preparing to develop student housing in Champaign, Illinois when it discovered an opportunity—because the almost 50,000 students at the University of Illinois at Urbana-Champaign mostly had no income, that placed their development within the federal opportunity […]
OZ benefits include 10-pct tax break for investment carried five years, another 5 percent if held seven years. OZ deals must make sense as regular investments: investors Factor in possible recession to any OZ deal: investors Despite the buzz around opportunity zones, some investment professionals remain cautious about OZ deals. “We have looked at a lot […]
Why this is important: firms are going to start ramping up OZ projects and funds as the first deadline for the program approaches. Cresset Capital and real estate firm Hines announced their newest opportunity zone investment Tuesday, a 10-story multi-family development on the northern edge of Denver’s River North neighborhood, known as RiNo. The development, North […]