piotrk
Passes on HarbourVest Partners and Greenspring Associates Will consider two more managers in August PE allocation is about 3 percentage points below target Baltimore Fire & Police Employees’ Retirement System has committed to Lexington Partners’ latest flagship. At its June meeting, the system pledged $15 million to Lexington Capital Partners Fund IX, which is targeting […]
Why is this important: Majority of funds still have an 8 pct hurdle rate, but fewer funds hold that rate this year compared to the last two years Private equity funds could become riskier investments if there’s no longer a preferred rate of return, according to Eamon Devlin, a partner at asset management consultant group […]
Primus Capital is selling its stake in SkillSurvey, a provider of reference assessments, three sources familiar with the process told Buyouts. Raymond James is advising Primus on the sale, the people said. It’s unclear when the offers are due. SkillSurvey, headquartered in Wayne, Pennsylvania, provides cloud-based solutions to help HR professionals use data and insights […]
AUM: $15.6 bln Private markets allocation: 8.3 pct, target is 8 pct Private markets portfolio: $1.28 bln Whom to contact: CIO Theodore Hall can be reached here: https://bit.ly/2xyIgDj Ohio Police & Fire Pension Fund backed Veritas Capital’s seventh flagship fund, but it committed less than it did for Fund VI, sticking with its plan to slow […]
Name: Los Angeles County Employees’ Retirement Association Headquarters: Pasadena, United States AUM: $57.9 bln Alternatives Allocation: 23.3 pct PE Allocation: 9.5 pct; target is 10 pct. Commitment range: $50 mln to $100 mln Contact: Principal Investment Officer Vache Mahseredjian, vmahseredjian@lacera.com Los Angeles County Employees’ Retirement Association has agreed to commit $65 million to two China-focused […]
Committed $40 mln to Joy Capital III Another $25 mln went to Joy Opportunity Fund LACERA’s PE allocation current sits at 9.5 pct Los Angeles County Employees’ Retirement Association has agreed to commit $65 million to two China-focused private equity funds, as confirmed by recently approved board documents. The commitments comprise of up to $40 […]
As family office interest in private equity continues to climb, growth-oriented opportunities stand out as the most popular strategy, according to the UBS/Campden Wealth Global Family Office Report 2018. The report found that 72 percent of respondents said growth opportunities are most attractive, followed by venture and real assets (57 percent each) and buyouts (54 […]
Commits additional $100 mln to Lindsay Goldberg’s fifth fund Pledges $150 mln more to Providence Equity Partners VIII Makes four new commitments to funds from Blackstone, others The Wisconsin state pension system boosted its commitments to Lindsay Goldberg and Providence Equity Partners in the first quarter. State of Wisconsin Investment Board committed an additional $100 […]
Though their interest in private equity continues to grow, family offices tend to be picky when it comes to deal selection. Most of the 311 family offices that participated in the UBS/Campden Wealth Global Family Office Report 2018 make one to five direct or co-investment deals per year.
AUM: $51.1 bln PE Allocation: 13.2 pct, target 12 pct Whom to contact: Dave Urbanek, director of communications, durbanek@trsil.org The Teachers’ Retirement System of the State of Illinois pledged $244 million in private equity commitments spanning European and North American markets at its June meeting. The system committed 39 million pounds (about $49.4 million) to two funds from […]