Lawrence Aragon
The California State Teachers’ Retirement System is shifting gears.
Pension System: California State Teachers’ Retirement System Assets Managed: $181.1 billion (Dec. 2013) Private Equity Assets Managed: $21.8 billion PE Allocation Target: 13% Current PE Allocation: 12.1% Chief Executive Officer: Jack Ehnes Chief Investment Officer: Christopher Ailman Director of private equity: Margot Wirth, since 2010 Senior Portfolio Manager: Seth Hall Investment officer focused on private equity: […]
* Long-term target allocation is 11 percent * Actual allocation at 8.6 percent * Smaller buyout shops a focus From the looks of it, the Los Angeles County Employees Retirement Association could be one of the busiest limited partners in the industry this year. The system needs to commit up to $1.8 billion to private equity this […]
* Long-term target allocation is 11 percent * Actual allocation at 8.6 percent * Smaller buyout shops a focus From the looks of it, the Los Angeles County Employees Retirement Association could be one of the busiest limited partners in the industry this year. The system needs to commit up to $1.8 billion to private equity this […]
C2FO has named John Adams, David G. Brown, Lance T. LeMay and Jay Mandelbaum to its advisory board. Adams is a managing director at investment banking advisory firm XMS Capital while Brown is a managing partner of Oak Hill Venture Partners and a vice president of Keystone LP, formerly known as the Robert M. Bass Co. […]
Mobile chipmaker Avago Technologies Ltd said it would buy LSI Corp for $6.6 billion as it turns to the fast-growing storage chip market to counter volatility in its main wireless business, sister news service Reuters reported.
Bain Capital, the U.S. private equity firm, has bought a majority stake in Canada Goose Inc, a family-owned company which had been seeking an investor to help it meet demand for its high-end cold-weather gear, sister news service Reuters reported.
Fifth & Pacific Cos Inc said it would sell its Lucky Brand Jeans business to private equity firm Leonard Green & Partners LP for $225 million as it focuses on its fast-growing, higher-end Kate Spade brand, sister news service Reuters reported.
KKR & Co LP and Bain Capital are among suitors which have placed initial bids for Tyco International Inc’s South Korean security systems unit, a business valued at about $1.6 billion, people familiar with the matter told sister news service Reuters.
Private equity firm Thomas H. Lee Partners LP is in advanced talks to acquire Phillips Pet Food & Supplies in a deal that could value the pet food distribution company at more than $500 million, according to three people familiar with the matter.