Thomas H. Lee Partners is not in fundraising mode, so who are you meeting here in Berlin at SuperReturn? It’s going to be a while before we start raising another fund, toward the end of the year at least. In our current fund (the 2006 vintage, $8 billion THL Equity Partners VI LP), we still […]
Snapshot Firm: Advent International Fund: Advent International Global Private Equity VII LP Target: $9.4 Billion Assets Under Management: $26 Billion Advent International, a Boston-based firm known for its global focus, is gearing up to start formally raising its seventh private equity fund, Advent International Global Private Equity VII LP, a behemoth targeting $9.4 billion that […]
Georgia’s public pensions, long prohibited by law from investing in alternative investments like private equity, may now be closer to allowing such investments after the state Senate voted 50-to-4 to change the rules. The bill nevertheless excludes any allocation changes to the state’s biggest pension fund, the $48 billion Georgia Teachers’ Retirement System. The state […]
America’s largest and most influential pension fund has laid down the law on all private equity firms hoping to stay in its good graces or land new commitments. The $235 billion California Pubic Employees’ Retirement System told private equity firms Monday that from March 1 forward, they will have to comply with its new ILPA-style terms […]
Q&A with Robert Radway, Chairman And Chief Executive of NXT Capital
Buyout firms are tightening their focus on increasingly specialized niches as the industry matures and competition intensifies, Deepak Agrawal says. “People are looking for opportunities beyond what they’ve invested in in the past,” said Agrawal, a co-founder and managing director at Gotham Consulting Partners LLC. Energy investors may try to capitalize on developments in oil […]
Nahla A. Azmy has been named managing director of investor relations at Energy Capital Partners LP, based in Short Hills, N.J. Azmy was previously at NRG Energy, which announced that Chad S. Plotkin would succeed him there as vice president of investor relations. David Blechman has joined H.I.G. Capital as a managing director in the […]
Ted Forstmann, the billionaire private equity investor and philanthropist, died Nov. 21 of brain cancer. He was 71. He was viewed as a pioneer of the leveraged buyout and took over companies such as Dr Pepper and Gulfstream Aerospace through the private equity firm he co-founded, Forstmann Little & Co. He was also chairman and […]
Tim WalshTitles: Chief Investment Officer; Director, Division of Investment LP: New Jersey Division of Investment Assets Under Management (May 2011): $74.7 billion Overall Return in Fiscal Year 2011: 18.5 percent Private Equity Assets (May 2011): $5 billion When you’re responsible for management $74.7 billion in assets, as well as the retirement money for 800,000 people, […]
In the second major departure of a pension private equity chief this week, Jim Treanor has decided to decamp from the $159 billion Florida State Board of Administration, where he has overseen the state’s private equity portfolio since 2004. Treanor, who will leave his post on August 3rd, has been with Florida’s pension system 11 […]