On their first day of fundraising last September, partners of start-up Excellere Partners sat down with executives at five prospective limited partners in Chicago, including funds-of-funds giant Adams Street Partners, whose thumbs-up might well have influenced other investors. All five took a pass. Fortunately, the Denver-based spinout of KRG Capital went two-for-two the next day, […]
The California Public Employees’ Retirement Systems last week unveiled a $700 million investment program to invest in U.S. health care companies and to seek ways to improve the health care system, which CalPERS’ CIO Russell Read called “fragmented and inefficient.” Under terms of the deal, CalPERS will initially commit up to $500 million to a […]
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 […]