piotrk
Partners Group acquired a minority stake in Idera, a business-to-business software company backed by TA Associates, HGGC, and the company’s management. Jefferies and Credit Suisse advised Idera on the transaction. The Zug, Switzerland, PE firm will join current investors with a 25 percent stake in Idera, a source familiar with the deal told Buyouts. The […]
AUM: $15.6 bln Private markets allocation: 8 pct Private markets portfolio: $1.26 bln Whom to contact: David Graham, communication director, dgraham@op-f.org In its effort to slow down private-market commitments this year, Ohio Police & Fire Pension Fund at its May meeting backed only one PE fund. The board recommended a $20 million commitment to Stone Point […]
AUM: $42.7 bln PE Allocation: 3.9 pct Whom to contact: Dhvani Shah, chief investment officer: dshah@imrf.org Illinois Municipal Retirement Fund at its May meeting disclosed $256 million in PE commitments. The board pledged €50 million ($56 million) to IK Investment Partners’ ninth fund. IK Investment Partners focuses on northern European buyouts and invests as much as €150 million into […]
AGI Partners is a lower-middle-market-focused independent sponsor pursuing what Partner David Acharya, calls a “very simple” strategy: buy and build. “We find a good platform company; we find a good management team. Then we find complementary add-ons, but we also focus on overall value creation,” he told Buyouts. AGI makes direct investments into TMT, business marketing services and […]
AUM: $77.3 bln Contact: Virginia Sowers, vsowers@varetire.org Why this is important: The system is terminating agreements as it rebalances its asset classes. Virginia Retirement System at its May 13 meeting said it made commitments to and terminated its relationship with funds within its credit-strategies program, the system’s communications strategy manager, Virginia Sowers, told Buyouts. The system committed $150 million […]
Vector Capital is selling Corel Corp again and this time the buyer is KKR, according to a source. Corel is expected to fetch more than $1 billion, the person said. UBS is advising Vector Capital on the sale process, the source said. Corel is the Ottawa provider of graphics and office productivity packaged software, known for […]
AUM: $19.5 bln PE allocation: 15 pct; target 14 pct Whom to contact: Lisa Honore at lisa.honore@trsl.org Teachers’ Retirement System of Louisiana at its May meeting pledged up to $275 million across asset classes, Executive Liaison Director Lisa Honore told Buyouts. Louisiana committed $100 million to Platinum Equity’s fifth flagship fund, targeting $8 billion. New Enterprise Associates XVII, a venture […]
K. Don Cornwell is a partner at PJT Partners, focused on media and entertainment, specifically sports and gaming. Most recently, Cornwell led the PJT team that represented Perform and its parent, DAZN Group, on its sale of Perform to Vista Equity-backed STATS. Cornwell spoke with Buyouts about regulatory changes in the sports-betting space and new investing opportunities at the […]
AUM: $28.8 bln PE Target: 16 pct Contact: Pam Hile, phile@pa.gov Pennsylvania State Employees’ Retirement System at its April meeting committed $875 million to private equity funds, in line with its 2018-2019 investment plan, meeting documents show. The investment plan set its annual pacing for new PE commitments at $650 million to reach its target allocation […]
AUM: $24.8 bln PE target allocation: 18 pct Contact SFERS at sfersconnect@sfgov.org Why is this important: The system wants to build up its staff as a result of strong performance; eyes expanded co-invests San Francisco Employees’ Retirement System plans to increase its investment staff by 73 percent in the next six years, citing strong investment results, the system said at […]