CS

Chelsea Stevenson

Secondary buyouts boost US returns

Some of the highest portfolio returns were produced by the 19 secondary deals that were completed during 2012, according to an Ernst & Young study.

2 min read · 19 September 2013

University of Michigan commits €15m to Permira

The school’s Board of Regents pledged to the global buyout fund that is targeting between €4bn and €5bn.

2 min read · 19 September 2013

Judge dismisses Providence and Apollo from collusion case

With the removal of the two mega private equity firms, eight others remain accused of colluding to keep deal prices low during the credit bubble era.

2 min read · 19 September 2013

PineBridge raises $130m for secondaries

The firm is seeking $500m for Fund III, which originally had a $1.3bn target.

1 min read · 19 September 2013

California pensions show strong returns

California’s public workers’ and state teachers’ retirement systems revealed high preliminary private equity return rates for the fiscal year, though both institutions missed their benchmark targets for the asset class.

1 min read · 19 September 2013

Centerbridge invests $216m in Focus Financial

The deal is expected to close in the third quarter and Summit Partners and Polaris Venture Partners will retain their stakes, despite previously selling portions.

1 min read · 19 September 2013

GTCR targets $3.25bn for 11th fund

The Chicago-based firm launched its fund earlier this year for investments in North American mid-market companies.

1 min read · 19 September 2013

HarbourVest closes secondaries fund on $3.6bn

The firm’s oversubscribed Dover Street VIII fund surpassed its $3bn target and managing director Brett Gordon sees more secondaries opportunities ahead.

2 min read · 19 September 2013

New Jersey to commit $230m to private equity

The $75.6bn pension system expects to pledge €100m to CVC Fund VI and up to $100m to Vista Foundation Fund II.

2 min read · 19 September 2013

Florida SBA commits $350m to private equity

The State Board of Administration committed to two buyout funds and one growth fund during the second quarter of 2013.

2 min read · 19 September 2013

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