Lawrence Aragon
Former VC Rob McCord says no allocation changes in store for two large pensions in state
Despite the billions set aside for private equity emerging manager programs, finding backers is still extremely tough for new groups. And it’s only getting tougher in an environment where the credit crunch and the dead IPO market are wreaking havoc on buyout returns. So who gets these dollars and how? Altogether, Buyouts has identified at […]
London-based Infracapital Partners has closed on £900m. The firm invests in European companies active in core infrastructure sectors, including regulated gas and electricity transmission and distribution, water, essential transportation and communication infrastructure, and core social infrastructure. Infracapital is managed by M&G Investment Management, the European investment management arm of Prudential.
Many limited partners have mandates to invest with emerging managers, but finding these firms can be difficult. And conversely, it can be challenging for small, new firms to catch the attention of large pension funds. A new database created by New York-based Altura Capital Group should help resolve the dilemma. The Altura Emerging Manager Platform, […]
Silverfleet Capital, the new name for buy and build specialist PPM Capital, has sold Jost World, a German manufacturer commercial vehicles components, to buyout house Cinven for a reported €525m. Silverfleet has made a 3.1x return on its investment, with an IRR of 47%. It acquired the business in August 2005 fro Alpha Group in […]
Canadian pension funds are looking beyond North America and focusing on Europe, Asia and other emerging markets
The $155 billion New York State Common Retirement Fund is in the final stages of its search for a manager of its private equity emerging manager program, according to Thomas DiNapoli, the state comptroller and sole trustee of the fund. “We are weeks away from making a choice, and the interviews are moving along. We […]
The Teachers Retirement System of Illinois last month created a new allocation that will steer as much as $100 million per year to emerging managers of buyout, mezzanine and venture capital funds. The new allocation expands TRS Illinois’s emerging managers program, which previously directed $125 million annually to emerging firms specializing in public equity investing. […]
Institutional investors in emerging markets private equity are ignoring the credit crunch and showing their confidence by continuing to commit money according to a survey conducted by the Emerging Markets Private Equity Association (EMPEA). The research results show that 74% of limited partners are looking to increase allocations to emerging markets private equity over the […]
Institutional investors in emerging markets private equity are ignoring the credit crunch and showing their confidence by continuing to commit money according to a survey conducted by the Emerging Markets Private Equity Association (EMPEA). The research results show that 74% of limited partners are looking to increase allocations to emerging markets private equity over the […]