As some US public pensions move to ban the use of placement agents, Mike Travaglini, the executive director of the $38bn Massachusetts PRIM, told PEO that these agents play a vital role in helping his small staff identify private equity opportunities.
3 min read · 05 January 2013
Goldman, Credit Suisse, UBS and Merrill Lynch are reportedly among the firms from which the US financial regulatory agency has requested information about work done in exchange for fees.
2 min read · 05 January 2013
The firm collected about $800m from new investors since it began marketing in early 2008.
2 min read · 05 January 2013
The San Francisco-based firm’s latest purchase amid the downturn is women’s clothing label J Jill. Under the terms of the deal, Golden Gate, which is investing from its $1.8bn second fund, will close 75 J Jill stores, leaving 204 stores still in operation.
1 min read · 05 January 2013
The Los Angeles-based turnaround firm will operate Delphi out of bankruptcy. General Motors, which filed for bankruptcy Monday, will take over certain Delphi plants and provide the company with $250m in bankruptcy financing.
2 min read · 05 January 2013
The lower mid-market firm has raised 30% more than its original $900m target.
2 min read · 05 January 2013
The $50.6bn Massachusetts pension purchased the secondary stake in Denham Capital Management Commodity Partners V from Harvard.
1 min read · 05 January 2013
The New York State Common Retirement Fund has assets valued at $110bn, down from $154bn about a year ago, due in part to a 23% decline in the value of its private equity investments.
2 min read · 05 January 2013
The $105.5bn Canada Pension Plan Investment Board experienced record losses last year due largely to public equities, though alternative asset classes also suffered.
1 min read · 05 January 2013
The $27bn US public pension has backed three private equity funds and also raised its target allocation to compensate for the denominator effect.
1 min read · 05 January 2013
