With a $250 million follow-up commitment from the Oregon Investment Council, Kohlberg Kravis Roberts & Co’s latest flagship fund is within reach of its $8 billion target, a fundraising goal the firm started pursuing nearly two and a half years ago.
Solera Capital, one of the industry’s few women-led firms, has failed to immediately win a $50 million commitment from the Oregon Investment Council, which opted to table the prospective investment to Solera Capital Partners II LP pending further review, according to James Sinks, a council spokesman. The new fund has a $350 million target.
Wayzata Investment Partners, a distressed debt-shop with a penchant for taking control of companies, closed on its third fund, Wayzata Opportunities Fund III LP, having raised $2.7 billion, slightly more than the initial $2.5 billion target. The firm started raising Fund III in the third quarter of 2011.
1. Maine PERS manages $11.5 billion in assets, including $168 million in private equity, well below its 10 percent allocation target. What is your approach to the asset class? While we’d like to get the program up and running, we’re not going to rush. We’re not going to go out and buy a billion-dollar funds-of-funds […]
Some dozen years after the launch of its debut fund, Solera Capital is raising a second vehicle, Solera Capital Partners II LP.
Barry Miller, who has been head of private equity for the New York City Retirement Systems, has decided to join Landmark Partners, a secondary firm to which the pension recently made a sizeable commitment. The timing of Miller’s move raises questions about whether the city, and pensions generally, should have stricter rules governing employees who wish to leave for money managers.
The departure of Barry Miller as head of private equity for the New York City Retirement Systems sharpens the speculation about who will manage the city’s Bureau of Asset Management once a new comptroller is elected in November.
Solamere Capital, the private equity fund-of-funds and co-investment firm co-founded by Mitt Romney’s eldest son, Taggart Romney, has begun raising its second vehicle, Solamere Capital Fund II LP, according to a government filing. The filing indicates that the new fund carries a $250 million target.
Zachary Doehla, who headed up private equity investing at the $40 billion Illinois Teachers’ Retirement System, decided to leave the pension in early May, according to spokesman David Urbanek. Doehla, whose official title was “Senior Investment Officer—Alternatives and Co-Investments,” reported to R. Stanley Rupnik, the pension’s chief investment officer.
Former operating executive to run group Firm plans $1.5 billion energy fund New plan after Riverstone deal ended The Carlyle Group has hired a six person energy investment team, the private equity firm said on May 2, as it looks to take advantage of predicted growth in global demand. Carlyle is beefing up its energy […]