The usual mid-market suspect comes top of this week’s scorecard looking at the top performers of the $49 billion Massachusetts Pension Reserves Investment Management Board private equity portfolio as of September 30, 2012. The scorecard also highlights the bottom five performers of this sub-set, which interestingly also includes this week’s top performer.
A 2008 vintage Chinese tech fund is the top performing emerging market-focused private equity vehicle according to an analysis of emerging market fund returns from the Buyouts fund returns database with data current as of year end 2011. GSR Ventures III achieved an IRR of 55.1 percent and multiple of 1.9x.
Oregon Investment Council, which runs the approximately $60 billion Oregon Public Employees Retirement Fund, has committed over $7 billion to 18 KKR vehicles since it started investing in private equity in 1981. The top performer of the KKR portfolio is its 1983 investment in the KKR 1982 Fund, which posted an IRR of 39.7 percent and multiple of 3.3x as of September 30.
A 2003 vintage fund managed by Angelo, Gordon & Co takes the top spot an analysis of the University of Texas Investment Management Co’s distressed debt and special situations fund commitments in its active portfolio as of November 30, 2012.
European focused vehicles make up half of this week’s scorecard, which takes a look at the $251 billion California Public Employees’ Retirement System’s top ten investments in first-time buyout funds. Schroder Ventures’s spin-out Permira takes the top spot with its maiden independent vehicle, Permira Europe I, raised in 1997, which posted an IRR of 74.5 percent […]
European focused vehicles make up half of this week’s scorecard, which takes a look at the $251 billion California Public Employees’ Retirement System’s top ten investments in first-time buyout funds. Schroder Ventures’s spin-out Permira takes the top spot with its maiden independent vehicle, Permira Europe I, raised in 1997, which posted an IRR of 74.5 percent and investment multiple of 2.6x, according to CalPERS private equity investment performance figures as of June 30, 2012.
So just how friendly a reception will fund managers expected to come back to market this year get from Washington State Investment Board?
Hellman & Friedman Capital Partners V takes the prize as the top-performing U.S.-based buyout fund within the $170.1 billion Canada Pension Plan Investment Board private equity portfolio. Figures are as of June 30, 2012.
Advent International manages Florida State Board Administration’s top-performing European fund, having posting an IRR of 11.2 percent for its 2008 vintage Advent International GPE VI, according to data current as of September 30. That performance also beats Florida SBA’s total private equity IRR, which stands at 7.3 percent, short of its target 9.6 percent IRR.
Standard & Poor’s has seen a steady increase in the total number of entities it called at risk of a debt default of late, but the count for those with U.S.-based financial backers remained flat in the three month-period ending in mid-November.