Teddy Grant
The system also committed $75 to a Vistria Group fund
Investors are increasing allocations to private equity, taking market share away from hedge funds, according to Ernst & Young’s 2019 Global Alternative Fund Survey.
AUM: $13 bln
PE Allocation: 14.8 pct actual/ 15 pct target
Contact: Bob Jacksha, CIO: bob.jacksha@state.nm.us
GPs are returning to market with funds in under three years and are taking a larger share of allocations.
Fund IX has received commitments this year from Pennsylvania State Employees’ Retirement System and Minnesota State Board of Investments.
Rhode Island Investment Council committed to private equity and credit funds from Odyssey Investment Partners and Benefit Street Partners at its October meeting, according to the system’s director of communications, Evan England. The system invested up to $50 million to Odyssey Investment Partners Fund VI. Odyssey’s sixth fund has a target of $2.75 billion on […]
Sunstone already manages $19.2 million in Illinois Teachers’ assets.
Kevin Mitchell, who formed Lariat Partners in 2013 alongside Jay Coughlon, is moving back to his roots in the independent sponsor world. Mitchell, who mutually decided with Coughlon to parts ways earlier this year, is reactivating independent sponsor shop RedCloud Capital, which he started in 2004. RedCloud focuses on entrepreneur-led businesses in the lower middle […]
Declaration Partners, an affiliate of David Rubenstein’s family office, invested in specialty finance company Peaceable Street Capital as the company looks to expand in the real estate sector, Buyouts has learned. Declaration made a minority equity investment in Peaceable Street, joining Orangewood Partners and the Bainum family investment firm SunBridge Capital as a long-term financial […]
Ohio Police & Fire Pension Fund approved the creation of a private equity co-investment program at its Oct. 23 meeting, according to the system’s director of communications, David Graham. The program, which would also pursue private debt opportunities, would “create an efficient, workable process and structure” for private equity, investment notes showed. “Co-investments can average […]