Teddy Grant
Minnesota State Board of Investments’s Investment Advisory Council (IAC) recommended $600 million in private equity and private credit commitments at its Aug. 12 meeting, according to its website. IAC recommendations include: $300 million to Lexington Partners Co-Investment Partners V, targeting $2.5 billion with a $3 billion hard cap, according to information provided by Minnesota. The […]
Pennsylvania Public School Employees’ Retirement System at its August meeting went forward with its planned commitment to Platinum Equity’s latest fund, despite continued protest from advocacy groups. The board approved a $300 million commitment to Platinum Equity Capital Partners V, targeting $8 billion. The global PE fund focuses on underperforming and undermanaged businesses in North […]
Pennsylvania Public School Employees’ Retirement System at its August meeting went forward with its planned commitment to Platinum Equity’s latest fund, despite continued protest from advocacy groups. The board approved a $300 million commitment to Platinum Equity Capital Partners V, targeting $8 billion. The global PE fund focuses on underperforming and undermanaged businesses in North […]
Clavis Capital Partners, launched by the former CEO of an electronics manufacturer, wants to capitalize on the resurgent U.S. manufacturing sector, according to Founder and Managing Partner Todd Dauphinais. “There’s going to be a lot more manufacturing and production and industrial activity that’s going to happen in this country,” Dauphinais said. “We think that will […]
Independent Sponsor Borgman Capital acquired cell-phone-tower construction companies Skinner & Cook Inc and Virginia Tower Construction, Founder and Managing Director Sequoya Borgman told Active LPs. Borgman Capital invests in industrial companies in lower-middle market, founder-led businesses in the Midwest, but expanded to the East Coast and into a new sector to capitalize on 5G’s national expansion. […]
Employees Retirement System of Texas committed $40 million to private equity and a private equity co-investment in July, according to Operational Due Diligence Analyst Rodrigo Dominguez. The system invested $25 million to Baring Private Equity Asia’s ERS Private Equity Manager Fund III. The firm focuses on investments in Asian companies valued between $300 million to […]
Private equity has a lot more space for growth, with more than 100 public systems under-allocated against their PE targets, according to research from eVestment Private markets. That gap equals more than $41 billion of potential capital flowing into new funds, the study showed. The company looked at data from hundreds of LPs between April […]
Pennsylvania State Employees’ Retirement System made $175 million in private equity commitments to funds focused on consumer products and business services at its July 31 meeting. The system pledged $75 million to KPS Capital Partners’ Special Situations Fund V and $25 million to KPS Special Situations Mid-Cap Fund, according to a news release. Target sizes […]
Kansas Public Employees Retirement System committed to private equity and real estate funds focused on European and North American investments at its July meeting, The system pledged up to 45 million euros ($50 million) to Montagu Private Equity’s sixth fund, according to Communications Officer Kristen Basso. Montagu invests between $114 million and $1.14 billion in companies […]
Move to Asia would give system more access to private markets opportunities Board has committed to Asia funds in the past Not clear when the office opening will be announced Teacher Retirement System of Texas is considering opening an office in Singapore as it aims to increase its footprint in Asia-Pacific, according to an investment […]