piotrk
Assets Under Management: $17.3 bln Contact: +1 213-779-8328 Why is it important: The system is taking a wait and see approach for the other two managers before it commits to any of their funds. Los Angeles City Employees’ Retirement System chose four private credit investment managers as part of its private credit mandate, according to a […]
The past 12-month averages show just how far software deals lead the rest of the market in equity contributions, according to Covenant Review’s Trendlines Topical Report. Software deals require buyers to contribute more than 53 percent, more than any other sector.
Megafunds continue to bolster U.S.-based buyout and mezzanine fundraising. Since the last issue of Buyouts, fundraising added $28 billion to its year-to-date total, which now stands at $197 billion. That is a 93-percent increase from the $102.1 billion that buyout and mezzanine funds raised in the same period last year. TPG led the charge, raking […]
Equity valuations are up, which means PE firms are forced to pay more for each deal, according to Covenant Review’s Trendlines Topical Report. With lenders topping out around 7x for low-capex/high-growth companies, equity contributions are forced to track purchase prices higher.
Why it this important: The Corganics deal marks the second company added to Altacrest’s portfolio Independent Sponsor Altacrest Capital is continuing its foray into the consumer products sector with its latest acquisition: Nature-based personal care brand Corganics. “We are very excited to bring another high-quality consumer brand into the Altacrest portfolio,” Tim Laczkowski, founder of […]
Assets Under Management: $30.3 bln PE allocation: 15 pct PE target: 13.1 pct Whom to Contact: Sarah Flores, sflores@hahnpublic.com Texas County & District Retirement System pledged more than $143 million to private equity funds at its June meeting, according to its website. Board commitments include: $50 million to Vista Equity Partners’ Endeavor Fund II, targeting $750 […]
Morgan Stanley’s growth focused Expansion Capital team is set to make more than 5.5x its money on sale of DocuWare, the firm told Buyouts. Expansion Capital, which sits within Morgan Stanley Investment Management sold its minority stake in DocuWare to Ricoh, a Tokyo-based imaging and electronics company. The deal was signed on June 28, the […]
Everyone seems to hate millennials. As a proud member of that demographic, I consider the walk-in clinics around the corner from my apartment or office as my primary care. Medical needs are addressed on an episodic basis. CityMD, in the New York metro area, is one that fits the bill for me. With some 120 […]
U.S.-based buyout and mezzanine fundraising continues its surge. Since the last issue of Buyouts, fundraising added $6.8 billion to its YTD total, which now stands at $169.1 billion. Three separate firms raised at least $1.7 billion apiece. Leading the charge was Aquiline Financial Services. The New York-based firm, which focuses on companies within the financial […]
Assets under management: $2.7 bln PE portfolio: $186 mln PE allocation/target: 6.94 pct, 10 pct target Contact: Amy Baskerville, abaskerville@bcfpers.org Baltimore Fire & Police Employees’ Retirement System at its June meeting committed to Lexington Partners’ latest flagship. The system pledged $15 million to Lexington Capital Partners Fund IX, targeting $12 billion. The pool focuses on secondary transactions in […]