Leonard Green back in market with Fund VII Expects first close in first quarter No hard cap set yet Leonard Green & Co is targeting $7.5 billion for its seventh fund, according to two limited partners who have heard the pitch. The firm anticipates holding a first close on Fund VII in the first quarter, the […]
To get a feel for emerging managers in the market, Buyouts did a roundup of debut and sophomore efforts that have been fundraising this year. We then compiled the top 20 by target size. The largest of all the funds from emerging managers was Searchlight Capital’s second fund. Searchlight Capital II LP is almost halfway toward its goal of raising $1.8 billion — […]
Firm: Pantheon Fund: AMG Pantheon Fund LLC Target: Fund registered to sell $500 mln Pantheon’s new AMG Pantheon Fund marks the manager’s first product built from the ground up for retail investors under the same regulatory regime as publicly traded mutual funds. “It’s intended to be a long-term vehicle for people to come into and let their […]
Pension pays $147 mln in total PE expenses Total includes staff salaries, operating costs CalSTRS more cost-conscious after revelation it doesn’t track carry The California State Teachers’ Retirement System paid $135.7 million in private equity management fees in 2014, according to a November investment cost report. Those fees comprised the bulk of the $147 million in total […]
It has been a good year for the relatively young private equity portfolio of the New Mexico Educational Retirement Board. Performance data released at its October meeting shows that it received almost a fifth of its total distributions to date in just the first six months of 2015. From the beginning of this year through the […]
UBS runs sales process for CalPERS This is fourth PE portfolio UBS has sold for pension CalPERS cuts number of manager relationships The California Public Employees’ Retirement System was expected to complete the sale of a portfolio of private equity interests valued at about $1 billion, according to a person with knowledge of the transaction. […]
Committed Advisors, the French secondary shop that spun out of AXA Private Equity in 2010, opened its New York office in early October, bringing over one of its partners from Paris to run operations, according to Managing Partner Daniel Benin.
Harvest Partners targets $1.5 bln 2007 vintage nets 20.8 pct, 1.8x Ohio P&F has 5.9 pct allocation to PE The Ohio Police & Fire Pension Fund committed up to $40 million to Harvest Partners’ latest flagship fund at its October 21 meeting, pension spokesman David Graham said in an email. Harvest Partners set a $1.5 […]