Teddy Grant
Institutional investors are confident in future private equity performance but are concerned about anti-private equity sentiments by U.S. presidential candidates, geopolitical events and a possible economic downturn, according to a survey from global placement agency Eaton Partners. Eaton Partners, which surveyed 62 LPs for its survey, found that 63 percent of institutional investors said they […]
New Mexico State Investment Council is considering making a commitment to a TA Associates fund that will invest in select companies the firm is selling, according to an Oct. 10 memo from NMSIC staff on its website. The system recommended a commitment of up to $75 million to TA Select Opportunities Fund. The fund is […]
NCK Capital has adopted a forward-thinking strategy that looks at companies that would be “really appealing in a few years to a larger, middle-market sponsor,” Co-Founder and Managing Partner Michael Kornman told Active LPs. Founded in 2013, the Dallas-based independent sponsor focuses on the environmental services, for-profit education, niche manufacturing, specialty distribution and business services […]
Texas Municipal Retirement System, at its September meeting, backed a growth equity fund from FTV Capital, according to a private equity recommendation document on the system’s website. The board committed up to $50 million to FTV VI, targeting $1 billion. The fund makes control and non-control investments between $20 million to $85 million. FTV Capital […]
Teachers’ Retirement System of Louisiana backed two buyout funds by Leonard Green & Partners at its Oct. 3 meeting, according to the system’s executive liaison officer, Lisa Honoré. The board approved a $50 million commitment to Green Equity Investors VIII, targeting $10 billion. The pool makes investments between $400 million and $1 billion in business services, healthcare/wellness and consumer/retail sectors […]
About 52 percent of institutional investors said that they plan to increase their allocations to private assets over the next three years as they hunt for a more diverse portfolio and higher returns, according to the Schroders Institutional Investor Study 2019. According to the survey, 58 percent of investors in North America, 50 percent of […]
2019 private equity pacing plan calls for between $550 million to $575 million in commitments.
Los Angeles City Employees’ Retirement System’s investment committee will consider boosting its private equity pacing plan at its Oct. 8 meeting, according to the meeting agenda. LACERS’s pacing plan for its private equity asset class calls for $625 million to $675 million in commitments for 2020, up from the $550 million to $575 million proposed for […]
U.S. buyout firms reported their lowest fundraising numbers for the third quarter, signaling that investors are waiting to see where the market is going as anticipation of an economic recession looms. Funds raised a combined $73.2 billion in the third quarter, lower than what was raised in the second quarter, but a noticeable increase from […]
New York State Common Retirement Fund pledged $400 million to emerging managers, according to a monthly transaction report from August. The system committed to its Transition Annex Fund, managed by HarbourVest Partners, which has an existing relationship with NYSCRF. Representatives for HarbourVest were not available for comment. “For HarbourVest, the sector strategy will be diversified according […]