Last year saw U.S. and European firms set a high-water mark for buyout-backed exits with 2,320 deals totaling $554 billion in value, according to Pitchbook. In terms of dollars, that is more than twice the 2010 level.
U.S.-based buyout and mezzanine fundraising cooled over the past two weeks, as the year-to-date tally stepped up only modestly to $27.8 billion from $25.5 billion. It now trails where we were at this time last year by about $22 billion. Still, a bevy of funds reached their goals. Main Post Partners, which targeted $250 million for its debut fund, closed at […]
U.S.-based buyout and mezzanine fundraising heated up in the past two weeks, as the year-to-date total climbed from $13.9 billion to $25.5 billion. Despite the big jump, fundraising trails 2015’s start by about is about $20 billion. Oaktree Capital Management shot above the combined $10 billion target for its Opportunities Fund X and Xb. The […]
The Pennsylvania Public School Employees’ Retirement System, which has nearly $52 billion in assets under management, has enjoyed especially strong performances by investments in a secondary fund from Blackstone Group and a buyout fund from Platinum Equity. Blackstone Group’s Strategic Partners Fund VI is the top-performing fund by IRR in PSERS’ private equity portfolio as of March […]
The Pennsylvania Public School Employees’ Retirement System, which has nearly $52 billion in assets under management, has enjoyed especially strong performances by investments in a secondary fund from Blackstone Group and a buyout fund from Platinum Equity. Blackstone Group’s Strategic Partners Fund VI is the top-performing fund by IRR in PSERS’ private equity portfolio as of March 31, 2015. The young […]
New Jersey might be best known for its shoreline, boardwalks and Atlantic City casinos, but it is also home to one of the more successful public pension funds in the country. The New Jersey Division of Investment’s private equity portfolio collected just under $2 billion in about 12 months, according to it most recent performance report. Its […]
New Jersey might be best known for its shoreline, boardwalks and Atlantic City casinos, but it is also home to one of the more successful public pension funds in the country. The New Jersey Division of Investment’s private equity portfolio collected just under $2 billion in about 12 months, according to it most recent performance report. […]
U.S.-based buyout and mezzanine fundraising still lags behind the same period last year, but it has more than doubled since Buyouts last went to press. Compared to the rapid start of 2015, 2016’s year-to-date total of $13.9 billion is way behind. The Carlyle Group was very busy in the last two weeks. It announced that it […]
For the second year in a row, Massachusetts Pension Reserves Investment Management Board is the top pension fund for five-year annualized performance. However, the New Jersey Division of Investment has the momentum, with a slight lead over its northern counterpart for the last three years. MassPRIM also had the highest one- and 10-year return percentages. […]
In the private equity world, the California Teachers’ Retirement System normally plays second fiddle to the California Public Employees’ Retirement System. But CalSTRS recently stepped into the spotlight, collecting about $2.9 billion in distributions from September 2014 to March 2015, while adding 13 new fund commitments. The Blackstone Group added the most to the pension’s wallet in […]