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In the Crossroads of the Pacific, the Employees’ Retirement System of the State of Hawaii reigns over $1.4 billion in committed capital across 167 active funds. To get a picture for what the future of its private equity portfolio holds, we pulled out the top funds by IRR from 2009-14 from Hawaii’s latest performance data. The accompanying table shows the top 10.
U.S.-based buyout and mezzanine fundraising had a prolific two-week period, seeing its burgeoning 2015 aggregate expand by $13.1 billion. This year’s total sits $20.6 billion ahead of where it was at the same time last year.
In the vast frontier of Big Sky Country, the Montana Board of Investments pension fund resides over $2.3 billion in committed capital. In order to take a look at the promise of future gains, we pulled out the top funds from 2010-14 by IRR from Montana’s latest performance data. This left us with a pool of 48 funds. The following table shows the top 10.
Download our Buyouts “Guide to Secondary Buyers & Placement Agents 2015” to see the latest secondary market trends, fundraising statistics and listings. It is based on a survey of 85 secondary buyers and 91 placement agents.
Median revenue growth at 150 privately-owned companies in the Golub Capital loan portfolio dipped below 8 percent in the first quarter but remained strong, according to the latest Golub Capital Middle Market Report. Revenue growth in the portfolio beat that for companies in three major stock indices–the S&P 500, the Russell 2000 and the S&P SmallCap 600.
Median year-over-year EBITDA growth rates at 150 portfolio companies financed by Golub Capital have fallen for two straight quarters, according to the Golub Capital Middle Market Report. However, the first-quarter growth rate remained well above 6 percent and beat the comparable growth rates at companies in the S&P 500 and S&P SmallCap 600 but lagged the comparable growth rates at companies in the Russell 2000.
U.S.-based buyout and mezzanine fundraising slowed over the past two weeks, after starting the year at a break-neck pace. The 2015 total went up by $4 billion, to $118.2 billion. As it stands, this year’s aggregate sits nearly $15 billion ahead of where it was a year ago.
In a spring survey conducted by Buyouts Insider, 14 placement agents that raised a combined $12.7 billion last year weighed in on where their money came from. Public pension funds was the largest contingent, at 26 percent; the “other investors” category, including sovereign wealth funds, came in second with 18 percent; and endowments/foundations came in third with 12 percent.
The United States accounted for more than half the money raised by 14 placement agents that raised a combined $12.7 billion last year, according to a survey conducted this spring by Buyouts Insider (see accompanying chart). Europe came in second place at 19 percent.
U.S.-based buyout and mezzanine fundraising had yet another boisterous two weeks, adding $9.7 billion to its yearly total. As it stands right now, this year’s aggregate sits nearly $30 billion ahead of where it was a year ago.