The private equity secondary market is readying itself for what could be a defining moment. One of the private equity world’s most active limited partners, the California Public Employees’ Retirement System (CalPERS), is considering a sell-off of private equity partnerships to the tune of about $3 billion. Such a large amount of assets going on […]
The numbers for the first quarter seem innocuous enough, but don’t be fooled. VCs in the trenches say that they are seeing a number of unnerving, all-too-familiar trends, including a shortage of serious innovation combined with skyrocketing consumer Internet valuations. “It definitely feels a little bubblicious,” says Sharon Wienbar, a managing director at BA Venture […]
Kanwal Rekhi, an angel for more than a decade, is launching a venture fund and is meeting with institutional investors. He hopes to raise $150 million to $175 million for his inaugural fund. The firm, Inventus Capital Partners, will be based in Silicon Valley and Bangalore, India. In launching a venture fund, Rekhi is joined […]
Boston-based MetaCapita Venture Partners is seeking to raise $150 million to invest in early stage companies in North Carolina. The fund is one of the first early stage investment vehicles in the Winston-Salem region, which includes the Triad cities of Winston-Salem, Greensboro and High Point. The MetaCapita First Response Fund will focus on digital media […]
Two of the largest public pension funds have set out to identify small firms that may not have come across their radars. The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS)—with the help of investment advisor Altura Capital—are compiling a database filled exclusively with emerging managers and financial service […]
The California Public Employees’ Retirement System won’t be investing in nine companies that do business in Sudan, until that country’s government halts ongoing genocide. The companies that the CalPERS Board of Administration voted not to invest in are Bharat Heavy Electrical Ltd., China Petroleum and Chemical Corp., Nam Fatt Co., Oil & Natural Gas Co., […]
Two of the largest public pension funds are aiming to identify the smaller firms that may not have come across their radars. The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) – with the help of investment advisor Altura Capital – are compiling a database filled exclusively with emerging […]
The California Public Employees’ Retirement System will launch a new fund targeted at emerging managers, says Senior Investment Officer Leon Shahinian. He discussed the fund at a joint conference on diversity hosted by CalPERS and the California State Teachers’ Retirement System in San Jose, Calif., last week. The fund’s size has yet to be set […]
Target: West Private Equity Fund 2000 Buyers: AlpInvest Partners, AXA Private Equity Seller: WestLB Deal price: More than $123 million (€100 million) Financial advisor: Buyers: Continental Capital Partners Legal counsel: Buyers: Weil Gotshal & Manges The private equity groups of large financial institutions continue to seek their independence and have a staunch ally in a […]
The private equity secondary market is readying itself for what could be a defining moment. One of the private equity world’s most active limited partners, the California Public Employees’ Retirement System (CalPERS), is considering a sell-off of private equity partnerships to the tune of about $3 billion. Such a large amount of assets going on […]