The $155 billion New York State Common Retirement Fund last week announced $145 million in new commitments across three firms, with $100 million going to CVC Equity Partners Asia Pacific III, $35 million to mid-market buyout fund Palladium Equity Partners III and $10 million to Carmel Ventures III. Since the pension began releasing its commitment […]
The nation’s two largest backers of private equity firms are fighting back against a state legislative proposal that threatens to restrict their ability to invest in brand-name mega-funds. The California State Teachers’ Retirement System went on the offensive earlier this month, voicing its opposition to a bill that would bar state-run pension funds from backing […]
The California Public Employees’ Retirement System continues to look for fresh talent. The $240 billion pension recently committed $150 million to Leading Edge Investment Advisors, a three-year-old San Francisco-based funds-of-funds firm that specializes in backing emerging managers, and $150 milllion to Quotient Investors in New York, a months-old quantitative equity management firm. Both firms tilt […]
Target: Nichols Brothers Boat Builders Price: $15 million Sponsor: Treadstone Partners LLC Seeing roll-up potential in the boat-building industry, turnaround firm Treadstone Partners purchased Nichols Brothers Boat Builders out of bankruptcy last month. The deal, valued at $15 million, also means the firm’s first fund is two-thirds invested, tripping the wire for another round of […]
Firm: Guardian Capital Partners Fund: Guardian Capital Partners Fund LP Target: $80 million Amount Raised: $37 million Guardian Capital Partners, a newly formed group looking to make control plays in the lower middle market, held a first close on $37 million for its debut fund earlier this month, a source familiar with the firm told […]
Target: Virgo Holdings Price: $100 million Sponsor: Arlington Capital Partners Seller: Seaport Capital Financial Adviser: Seller: DeSilva & Phillips Legal Adviser: Sponsor: Hogan & Hartson LLP; Seller: Morgan, Lewis & Bockius Arlington Capital Partners has beefed up its trade publishing portfolio with its recent acquisition of Virgo Holdings, a Phoenix-based publisher and trade show organizer, […]
The California Public Employees’ Retirement System continues to look for fresh talent. The $240 billion pension recently committed $150 million to Leading Edge Investment Advisors, a three-year-old San Francisco-based funds-of-funds firm that specializes in backing emerging managers, and $150 milllion to Quotient Investors in New York, a months-old quantitative equity management firm. Both firms tilt […]
The Pennsylvania State Employees’ Retirement System raked in more than $5.2 billion on its investment portfolio in 2007, the limited partner announced in late February. The $35 billion pension plan posted a 17.2 percent return, earning it a place among the top 5 percent of large U.S. public pension funds. The median return for large […]
Mydeco.com is a UK internet business founded by the team behind lastminute.com, the online travel and leisure business. An interior design website, it has just raised £5m in a seed round, which is, according to lead investor SPARK Venture, is of the largest internet seeds rounds in Europe.
European technology companies tapping into non-traditional pools of capital