CDC Group, the UK government-backed private equity emerging markets fund of funds investor, has committed almost US$1bn (€675m) to a new emerging markets infrastructure fund to be managed by Actis. CDC is committing capital of US$750m (€507.2m) to the Actis Infrastructure Fund 2 (AI2) and is also ceding infrastructure assets valued at about US$167m (€112.9m) […]
CalPERS’ stake in Silver Lake may signal more such deals The California Public Employees’ Retirement System isn’t done making minority investments in private equity firms just yet. The deep-pocketed limted partner, with assets of $260 billion, late last year acquired a near 10% stake in Silver Lake Partners for a reported $275 million. Neither CalPERS […]
The New Jersey Division of Investment has earmarked a total of $500 million for three new funds earmarked for investments in Asia and for co-investments alongside general partners. The new funds were created to give the limited partner the ability to put capital to work quickly, and in a more targeted fashion. One vehicle will […]
Target I: Elite Racing Target II: La Jolla Holding Group LLC Target III: Competitor Publishing Prices: Undisclosed Sponsor: Falconhead Capital Financial Advisor: Elite Racing: RBC Daniels Legal Advisors: La Jolla: Allen Matkins; Elite Racing: Heller Ehrman; Competitor Publishing: DLA Piper; Falconhead Capital: Kirkland & Ellis Falconhead Capital is bringing an old business model into a […]
The $247 billion California Public Employees’ Retirement System agreed in December to increase its target allocation to private equity to 10 percent from 6 percent, or from $14.8 billion to $24.7 billion. Great news, but who will benefit? CalPERS isn’t saying just yet, but David Fann, president and CEO of PCG Asset Management LLC, a […]
Adams Street Partners to first-time managers and mega-fund managers: don’t call us, we’ll call you. That seems to be the message from the Chicago-based funds-of-funds manager. Having wrapped up its Global Offering Program at $2.1 billion, and Global Opportunities Portfolio at $390 million in December, the firm is starting to hint at where those funds […]
Target: Lund International Price: Undisclosed Seller: Harvest Partners Buyer: Linsalata Capital Partners and Resilience Capital Partners Financial Advisor: Seller: Alvarez & Marsal Through a renewed focus on product development, LBO firms Linsalata Capital Partners and Resilience Capital Partners expect to generate better returns for Lund International than were achieved by its previous owner, buyout shop […]
Mid-market buyout firms are poised to collect more money than ever from limited partners, but not every general partnership will share in the bounty.
With the $100 million close of its second fund, Mainsail Partners will expand its aggressive approach to sourcing lower middle-market deals. The strategy of San Francisco-based firm is “to take the original Summit Partners cold-call model and apply it to the low end of the market,” said Jason Payne, who founded Mainsail with Gavin Turner. […]
Swiss GPS specialist is first European semiconductor IPO since 2004