U.S.-based buyout and mezzanine fundraising lags behind last year’s fast start, despite almost doubling over the last two weeks. The year-to-date total stands at $6.7 billion. BDT Capital Partners secured an additional $520 million for its sophomore fund, giving it more than $5.7 billion in total commitments. Neuberger Berman held a final close at the $1.5 billion hard cap […]
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 the six-month time frame. […]
Advent International has the most ambitious target among U.S. buyout and mezzanine firms, seeking $12 billion for its eighth global private equity fund. Altogether, Buyouts counted 289 private equity funds currently in the market. Behind Advent are mega-funds from the usual suspects, including Blackstone Group, KKR and TPG Capital.
Private equity fundraising has been on the upswing, growing just about every year since the Great Recession. Based on the number of open funds and the targets yet to be reached, 2016 could easily exceed the heights achieved last year.
The year has gotten off to a slow start, with both fundraising and completed deal figures down from the same time last year. U.S.-based buyout and mezzanine fundraising stands at barely more than half of where it was at this time in 2015, collecting $3.4 billion thus far. At least seven firms closed on new or follow-on […]
The latest data released by the Los Angeles City Employees’ Retirement System, which has committed about $4.8 billion to private equity funds, shows that it realized an impressive $398 million in the one-year period ending June 2015. It also added 17 new funds to its portfolio in that time. Vista Equity Partners added to the pension’s bottom […]
The latest data released by the Los Angeles City Employees’ Retirement System, which has committed about $4.8 billion to private equity funds, shows that it realized an impressive $398 million in the one-year period ending June 2015. It also added 17 new funds to its portfolio in that time. Vista Equity Partners added to the […]
The Indiana Public Retirement System is among one of the largest limited partners in the Midwest, managing around $30 billion in assets and serving nearly half a million members. The LP was born in 2011, as a consolidation of the Public Employees’ Retirement Fund and the Teachers’ Retirement Fund. INPRS had $5.8 billion in capital commitments spread across 236 active […]
The Indiana Public Retirement System is among one of the largest limited partners in the Midwest, managing around $30 billion in assets and serving nearly half a million members. The LP was born in 2011, as a consolidation of the Public Employees’ Retirement Fund and the Teachers’ Retirement Fund. INPRS had $5.8 billion in capital […]
The year ended with a bang. U.S.-based buyout and mezzanine funds added $6.1 billion in the final weeks of 2015, bringing their annual total to $219.2 billion. That was $11.5 billion ahead of last year’s total. Welsh, Carson, Anderson & Stowe had an interim close on its 12th flagship fund at $3 billion. The firm […]