In 2010, Neuberger Berman, the big money manager spun out from the now-bankrupt Lehman Brothers, took a big gamble when it launched a new type of fund that would blur the lines between private equity and hedge funds by purchasing minority stakes in high performing hedge fund managers. More than two years later, the verdict is in: Dyal Capital Partners, as the fund is called, substantially exceeded its initial $1 billion fundraising target, closing with $1.3 billion in commitments.
The $83 billion State of Wisconsin Investment Board logged five private equity commitments totaling $340 million in the third quarter, according the system’s latest investment committee report. Three of the five commitments, about two-thirds of the total, were to funds with a European or Asian focus.
Six big publicly-traded buyout firms—The Blackstone Group, The Carlyle Group, Apollo Global Management, Oaktree Capital Management, Kohlberg Kravis Roberts & Co. and Fortress Investment Group—saw earnings grow sharply in the third quarter as asset and exit valuations rose.
1. What are the main differences you see between Canadian and U.S. pension funds? Canadian pensions were a little bit later to the game when it came to alternative investments. So, when Canadian pensions began to develop their private equity programs, they looked at what was happening in the U.S. and elsewhere, and saw a […]
With the election over, Washington’s attention shifted immediately to the so-called ’fiscal cliff,” the combination of spending cuts and tax increases set to automatically go into effect on Jan. 1st.
Hamilton Lane, one of the nation’s largest private equity advisory firms, with about $24 billion in assets under management, has so far raised $215 million of its $400 million target for one of its news funds of funds, Hamilton Lane Private Equity Fund VIII LP, according to two recent government filings.
Siguler Guff & Co., a funds-of-funds manager that oversees more than $10 billion in assets, has raised at least $151 million so far for its latest small company effort, the Siguler Guff Small Buyout Opportunities Fund II LP, according to a recent filing with the Securities and Exchange Commission. The fund has a $600 million target.
The Carlyle Group has beaten out two other private equity managers to oversee the Indiana Public Retirement System’s newest in-state private equity separate account, the $150 million Indiana Investment Fund II, which aims to bolster economic activity by investing money in Indiana private equity funds and investing directly in Indiana companies.
Panelists discuss market volatility, currency fluctuations and the quest for risk-adjusted returns during our conference in June.
In this session from our June conference, a group of investors discuss tools and methods for finding the top—and bottom—quartiles.