The Milwaukee city and county employee pensions, with combined assets of more than $4bn, are considering creating allocations for private equity and infrastructure investments.
2 min read · 05 January 2013
Secondary specialist Pomona Capital just closed its seventh secondaries fund on $1.3bn. The firm’s chief executive, Michael Granoff, says the secondaries market has ‘enormous deal flow’ but ‘today the price of getting it wrong is real pain’.
2 min read · 05 January 2013
The $63bn public pension’s council held discussions last week about drafting a request for proposals to hire a secondaries programme manager.
2 min read · 05 January 2013
The US government has selected nine private investment firms, including Oaktree, Invesco and Angelo Gordon, to help take real estate loan-backed securities off banks’ balance sheets.
2 min read · 05 January 2013
The asset management giant has stopped fundraising for BlackRock Diversified Private Equity Program IV below its original target of $1bn.
2 min read · 05 January 2013
The public US pension, which last reported assets valued at $16bn, decided to look for purchases on the secondaries market because ‘sellers were looking to sell high quality allocations at deep discounts’.
1 min read · 05 January 2013
The financial services-focused firm hired Ken Thompson as a senior advisor. Aquiline has been steadily building up its roster of investment professionals and senior advisors, including last year bringing on former E*TRADE Financial chief executive Mitchell Caplan.
2 min read · 05 January 2013
The Silicon Valley firm will pay holders of MSC’s common stock $7.63 per share. Some investors think the sale price undervalues the company.
2 min read · 05 January 2013
The New York- and London-based firm spent about a year fundraising for a vehicle that ended up ‘substantially oversubscribed’.
2 min read · 05 January 2013
The business development company, which has seen its share price slide 37% from its 52-week high, will use the proceeds of the capital raise for investments and to maintain liquidity.
2 min read · 05 January 2013
