Former VC Rob McCord says no allocation changes in store for two large pensions in state
The California Public Employees’ Retirement System plans to boost its allocation target to alternative investments to 10 percent in the first quarter, part of an effort to better manage its presence in the asset class amid volatility in the public markets. The pension fund also announced additional pledges totaling nearly $800 million. As of Oct. […]
London’s Preqin estimates the LP has sold $2.1B in PE assets in ’07 on the secondary market The California Public Employees’ Retirement System sold $2.1 billion of private equity assets in late 2007 in the secondary market, according to recently released private equity performance data. The data cover fund data through the second quarter of […]
To add another check to its selection process, the California State Teachers’ Retirement System has chosen four firms to serve as independent fiduciaries for its nearly $1 billion Private Equity Proactive Portfolio program, earmarked for fund managers operating in emerging markets in California and elsewhere in the United States. The winners are Credit Suisse Customized […]
Sale of diary products company earns firm a 2x return
Ukraine-headquartered Horizon Capital has closed its second fund on US$390m. Emerging Europe Growth Fund II exceeded its US$300m target, with commitments from existing investors such as The Church Pension Fund, Amanda Capital, CV Starr and FMO, as well as attracting new LPs like Industriens Pension (Denmark), Alpha Associates (Switzerland), UTIMCO (USA), and the International Finance […]
As investors close their wallets, UK start-ups are faced with a shrinking investor base.
Despite the billions set aside for private equity emerging manager programs, finding backers is still extremely tough for new groups. And it’s only getting tougher in an environment where the credit crunch and the dead IPO market are wreaking havoc on buyout returns. So who gets these dollars and how? Altogether, Buyouts has identified at […]
French buyouts firm AXA Private Equity has acquired a majority stake in the Benelux food ingredients group Sfinc from GIMV.
AAC Capital to manage investments owned by Goldman Sachs