Sam Sutton
The Los Angeles City Employees’ Retirement System (LACERS) will likely commit between $325 million and $350 million to private equity in 2015, with plans to boost its exposure to small and mid-market managers, according to Jan. 13 meeting materials.
The Los Angeles County Employees Retirement Association paid roughly $43 million in management fees to private equity firms in 2014, considerably more than the $4.5 million disclosed in its annual report, according to an email from Chief Investment Officer David Kushner.
TPG Capital plans to hire a local team for growth investments in Africa, expanding the geographic scope of its third growth equity fund, according to a Hamilton Lane report made available by the Teachers’ Retirement System of Louisiana.
Annual report discloses only $4.5 mln in fees Report does not include management fees included in capital calls PE portfolio surpasses benchmark by 1,020 basis points The Los Angeles County Employees Retirement Association paid roughly $43 million in management fees to private equity firms in 2014, considerably more than the $4.5 million disclosed in its annual […]
Crestview Partners constructed its early investment portfolio with heavy exposure to the financial services sector. Then the Lehman Brothers collapse and tumbling equity markets hit that portfolio like a hurricane.
After two years in the market trying to raise its third fund, Versa Capital Management appears to be close to hitting its reduced $400 million target. The journey has not been without its bumps.
A surplus of investment capital and a strong dollar should provide a boost to private equity firms putting capital to work in Latin America.
The Maine Public Employees Retirement System allocated up to $300 million to private equity and real asset co-investments at its Jan. 8 Board of Trustees meeting, according to an email from Chief Investment Officer Andrew Sawyer.
York Street Capital Partners co-founders Robert Golding and Christopher Layden have joined alternative investment manager Star Mountain Capital, according to a press release.
Former Florida Governor Jeb Bush will meet with financial executives at Kohlberg Kravis Roberts’ Manhattan office on Jan. 7 to discuss his possible campaign for the presidency in 2016, sources told Buyouts.