Steve Gelsi
Customized, separate accounts. They’re officially all the rage among big and mid-sized institutional investors, brightening prospects for advisers that are seeing less than stellar growth in their funds-of-funds businesses.
2000 Riverside Capital Appreciation Fund, the 2000 vintage buyout fund from The Riverside Company, rang up an IRR of 20.6 percent, exceeding the 20.5 percent top quartile threshold, based on a survey of public pension fund data by Buyouts. Béla Szigethy, co-CEO of Riverside, said the fund helped the firm continue its growth and expand beyond its launch in New York and Cleveland.
DC Capital Partners is talking to limited partners about raising $350 million for a mid-market buyout fund in a re-launch of the firm’s inaugural pool that dates back to the early days of the firm in 2007, according to a source.
The California Public Employees’ Retirement System is mulling a staff recommendation to pare back its private equity allocation target slightly below its actual holding of about 10.8 percent and to give it the flexibility to set annual revisions to the target.
Veritas Capital Management LLC is talking to limited partners about launching Veritas Capital Fund V, on the heels of fresh deal-making from Fund IV and following the 2012 death of Robert McKeon, founder and former chairman, according to a person familiar with the firm.
Pension may adjust policy target in line with actual allocation CalPERS has 12 percent allocation to asset class Staff recommends interim target of 10 percent, and more flexibility The California Public Employees’ Retirement System is mulling a staff recommendation to pare back its private equity allocation target slightly below its actual holding of about 10.8 […]
Managers at major institutional investment firms said they are continuing to see opportunities to wade into private equity investments in emerging markets, with positive mentions of Africa and parts of Asia.
Antoine Drean, founder of Paris-based placement agent Triago, agrees that the fundraising process doesn’t differ much from dating. What’s been missing is a Match.com for LPs and GPs to get together, so in 2012, he launched the Palico platform, as reported by Buyouts.
China, Russia, shadow banking and leverage levels in overseas private equity funds ranked among the most frequently mentioned topics in a wide range of discussions at the Global Private Equity Conference at the Ritz Carlton in Washington, D.C., on Tuesday.
Private equity investments by the New York Common Retirment Fund rose 17.5 percent in the past year, outperforming the overall 13 percent return on the total fund, which reached a record $176.2 billion in assets under management as of March 31, according to New York State Comptroller Thomas P. Napoli.