Venture capitalists, long accustomed to selling limited partner stakes to California’s largest retirement fund, can now get access to the pension giant’s deep pockets as a co-investor in VC deals. Starting this year, the California Public Employees’ Retirement System (CalPERS) plans to invest directly alongside VCs through a dedicated fund focused on parts of the […]
Target: Smith & Wollensky Price: $94.6 million Sponsor: Bunker Hill Capital Sometimes a strategic just can’t get it done alone. That may be one of the snapshot lessons from the recent announcement that Smith & Wollensky (Nasdaq: SWRG) has agreed to be taken private for $94.6 million in a deal led by Bunker Hill Capital. […]
Norway’s Algeta make Oslo debut
CMGL sold to Capita for £32m
Secondary buyout of valve maker backed by Bank of Scotland
NanoDimension makes first investment
GSO Capital Partners ends investment in German tool maker
Connecticut’s state pension plan, the Connecticut Retirement Plans and Trust Funds, is looking to diversify its portfolio by backing asset managers that tend to fly under the radars of most large institutional investors, including Connecticut-based firms, women and minority-owned firms, and emerging managers with less than $2 billion in assets. The state plans to back […]
Pension Fund: The Connecticut Retirement Plans and Trust Funds Program: The Connecticut Horizon Fund Target: $120 million to $150 million Targeted Managers: Connecticut-based firms, minority or women-owned firms, and emerging private equity managers Targeted Asset Classes: Buyout firms, mezzanine funds, special situations firms, venture capital firms Connecticut’s state pension plan, The Connecticut Retirement Plans and […]
It might not be an outright buyout, but megafirm Kohlberg Kravis Roberts & Co. has secured its first deal in mainland China with the purchase of a minority stake in a cement company. With help from the International Finance Corp., the private investment arm of the World Bank, Tianrui Cement, the largest cement-maker in Henan […]