piotrk
Why is this important: The firm works closely with executives even after a deal is made Blackmore Partners, a Chicago-based independent sponsor, prides itself in going after talent rather than focusing on a specific industry, deal Partner Yelena Edelstein told Buyouts. “We don’t specialize in any industry. We identify talent,” said Edelstein, who joined Blackmore Partners in […]
Why it’s important: Sector-focused funds provide investors with deep knowledge of a specific industry Sector specialists are a hot strategy today for limited partners, and there’s a reason — such focused strategies appear to outperform those of generalists, according to fresh research from Cambridge Associates. The consultancy found that sector specific investments outperform funds from general […]
Flexera Software, backed by Ontario Teachers’ Pension Plan and TA Associates, may remain owned by private equity. Bids for the Itasca, Illinois-based company were due the week of June 17, three sources familiar with the process told Buyouts. Bank of America is advising Flexera on the sale process. Flexera produces between $160 million and $170 million […]
AUM: $27 bln PE target: 5 pct PE allocation: 7 pct Whom to contact: Michael Walden-Newman, CIO (nic.info@nebraska.gov) Nebraska Investment Council committed to private equity funds from New Enterprise Associates and HarbourVest Partners at its June meeting. The system, which said in March that it was considering an additional investment with the venture capital firm, committed $50 […]
Sales of sponsor-backed companies hit a six-year low in the second quarter. All told, sponsors sold just 84 portfolio companies for a total disclosed value of $8 billion, as of June 10, Thomson Reuters reported. That follows a lackluster Q1, when 144 sponsor-backed companies were sold for a total disclosed value of $23.4 billion. Equally troubling: The […]
U.S.-based buyout and mezzanine fundraising continues at a strong pace. Since the last issue of Buyouts, fundraising added $21.9 billion to its YTD total, which now stands at $162.3 billion — nearly double the 2018 YTD total. The biggest fundraiser was Advent International, which closed its ninth flagship on $17.5 billion. The fund surpassed its […]
AUM: $118 bln PE market value: 9 pct Whom to contact: Vicki Hearing, communication manager, Vicki.hearing@swib.state.wi.us The Wisconsin state pension system boosted its original commitments to Lindsay Goldberg and Providence Equity Partners in the first quarter, according to the State of Wisconsin Investment Board’s communication manager, Vicki Hearing. The system committed an additional $100 million to Lindsay Goldberg’s fifth […]
AUM: $24.8 bln PE target allocation: 18 pct Contact SFERS at sfersconnect@sfgov.org Why is this important: The system is continuing to build up it’s co-invest portfolio San Francisco Employees’ Retirement System closed a $25 million co-investment with Brazil-focused Patria Investments earlier this year, according to a June 12 investment memo from Chief Investment Officer William Coaker. The system recommended […]
Sumeru Equity Partners is looking for a buyer for Cybera, three sources familiar with the deal told Buyouts. First round bids are due at the end of June, the people said. Jefferies is advising Sumeru on the sale process, they said. Adams Street Partners, which has a minority stake in the company, is also looking […]
AUM: $8.1 bln PE Target: 9 pct PE Actual: 6.3 pct Contact: Betsy Tse, chief investment officer, at allinvestments@acera.org Alameda County Employees’ Retirement Association recommended backing Altas Partners second long-life fund that is targeting $2.5 billion, according to minutes from its June 12 meeting. The system’s board is considering a $33 million commitment to Altas Partners Holding II. The company focuses […]