The $154 billion New York State Common Retirement Fund has concluded its long search for managers of its private equity emerging manager program. The state plans to allocate $350 million to Parish Capital Advisors, $250 million of which will be for co-investment opportunities and $100 million for fund investments. Bank of America’s Banc of America […]
Preston-headquartered firm more than trebles investment
A team led by three former executives from Dallas-based advisory firm Aldus Equity plan to start a new advisory firm focused on investing alongside emerging managers, a source familiar with their plans told Reuters News. The team, led by former Aldus Equity partner Marcellus Taylor, is hoping to attract investors who may see such managers, […]
Life sciences VC reaches first closing
The $26 billion Arizona State Retirement System, a newcomer to private equity, is searching for one or more separate-account managers to commit roughly $1 billion over three years. RFPs were issued in October, and responses were due in mid-December. “We have just started evaluating proposals. I don’t expect any awards earlier than March 31, if […]
The Los Angeles County Employees Retirement Association has chosen Pathway Capital Management to manage a separate account of $300 million earmarked to commit to middle-market buyout funds over the next three years. Pathway Capital, which has offices in Irvine, Calif., West Warwick, R.I., and London, edged out Hamilton Lane for the assignment. Because no RFP […]
The New Jersey State Investment Council has gone with a pair of re-ups for its latest commitments, authorizing pledges of $50 million commitment to Charterhouse Capital Partners IX LP and $100 million to Onex Partners III LP, according to Thomas Vincz, a spokesperson for the limited partner. Charterhouse Capital, based in London, sponsors management buyouts […]
Stausboll tapped as CEO; is Grady due to become CIO? The California Public Employees’ Retirement System last week named Anne Stausboll as its new chief executive officer, effective Jan. 12. Stausboll will become the first female CEO to lead CalPERS in its 77-year history. She will replace Ken Marzion, who had been serving as interim […]
HarbourVest Partners, solidifying its place among the biggest guns of the secondary market, has reached its hard cap of $2.9 billion for Dover Street VII LP, a global secondary vehicle with an original fundraising target of $2 billion. The firm, which launched the fund in May, plans to hold a final close in the first […]
Adams Street Partners is hitting the fundraising circuit with its latest secondary fund, aiming to roughly triple the size of its predecessor. The fundraising goal for Adams Street Partners Global Opportunities Secondary Fund II is $600 million, far bigger than its $210 million predecessor formed in 2004. The Chicago-based firm, one of several fund-of-funds managers […]