Asian-Pacific private equity and venture capital funds produced very strong returns for members of the Institutional Limited Partnership Association across all time periods, including the highest IRR on the board, with 24.35 for the one-year mark. Natural Resource funds have suffered in the recent time frames, amidst the turmoil in the oil and gas sector. […]
California Public Employees’ Retirement System, under the microscope for the comparably high fees it pays on its alternative investments portfolio, hauled in $1.6 billion in private equity distributions in the year’s first quarter. It is more evidence that, while expensive, the asset class is paying off for the giant pension. The Jordan Company played a […]
California Public Employees’ Retirement System, under the microscope for the comparably high fees it pays on its alternative investments portfolio, hauled in $1.6 billion in private equity distributions in the year’s first quarter. It is more evidence that, while expensive, the asset class is paying off for the giant pension. The Jordan Company played a leading […]
Summit Partners, the Boston-based growth equity shop, has produced the top-performing fund, measured by IRR, for backer California State Teachers’ Retirement System—quite an accomplishment consider the pension fund has backed nearly 300 funds since the late 1980s. The 1995-vintage Summit Ventures IV LP is ahead of the pack by a considerable amount, having produced a 103.77 percent […]
Fittingly, the majority of University of Texas Investment Management Company‘s best-performing funds are managed by firms based in Texas. The top four performing funds by cash-on-cash return multiple (distributions divided by contributed capital) are all based in the Lone Star State. Dallas-based Wingate Partners‘ maiden and third funds led the way. The 1987-vintage Wingate Partners LP generated a cash-on-cash return multiple […]
U.S.-based buyout and mezzanine fundraising grew by about $5.7 billion in the past two weeks, upping the yearly total to $173.3 billion. This marks the first time 2015’s total has fallen behind where it was at the same time last year. Eaton Vance reported raising $3.6 billion for its growth equity-focused Beldore Capital Fund LLC. […]
Fittingly, the majority of University of Texas Investment Management Company‘s best-performing funds are managed by firms based in Texas. The top four performing funds by cash-on-cash return multiple (distributions divided by contributed capital) are all based in the Lone Star State. Dallas-based Wingate Partners‘ maiden and third funds led the way. The 1987-vintage Wingate Partners LP generated a cash-on-cash return multiple […]
Despite a weak fundraising market in the third quarter, a murderers’ row of some of the industry’s most sought after general partners is expected to return to market at some point in the next year, according to data from Buyouts and Bison. LPs expect technology specialist Silver Lake to return to market with the fifth iteration […]
Download the year-to-date league tables through Q3 2015 for financial and legal advisers: Q3 2015 Financial Advisor League Tables Q3 2015 Legal Advisor League Tables Photo courtesy of ShutterStock
By circumventing fund sponsors, limited partners don’t have to pay management fees and carry, although that doesn’t mean deals come cheap. Someone has to shoulder the cost of deal-origination, due diligence, and management of the portfolio. It remains to be seen just how far the do-it-yourself movement will go. The accompanying chart is based on […]