San Francisco-based Vista Equity Partners has agreed to sell its remaining stake in Sunquest Information Systems, which will pay Fund III LPs back all contributed capital. The fund has six remaining portfolio companies.
2 min read · 17 January 2013
The $43bn United Nations Joint Staff Pension Fund has been gradually growing its alternatives programme, and recently hired the David Fann-led group to consult on private equity.
2 min read · 17 January 2013
The $25bn pension system has allocated $100m to Oaktree and LBC Credit Partners as it works to meet its $500m annual commitment target as part of its overhaul of its alternatives programme.
2 min read · 17 January 2013
Armando Acosta left TIAA-CREF in January, the latest departure by an executive who helped build the company's alternatives programme. Others who have left include Shelley Zoler, Sheryl Schwartz and Holly Holtz.
2 min read · 17 January 2013
The firm, which spun out of Credit Suisse First Boston in 2005, is targeting $2bn for its third fund for which it is charging a 1.75% management fee and sharing 100% of portfolio company fees with the fund.
2 min read · 17 January 2013
The US regulator will meet 22 August to ‘consider rules’ eliminating the ban on general solicitations of securities offerings, which has long prevented GPs from widely announcing their fundraisings.
2 min read · 17 January 2013
Once stable secondary pricing on mega-funds raised from 2006 to 2008 has shifted, though general pricing on buyout funds has remained steady, says Cogent Partners.
3 min read · 17 January 2013
The financial services-specialist has collected more than $900m but will need an additional fundraising extension from LPs to get to its $1.5bn target.
3 min read · 17 January 2013
The $10.8bn system recently committed to Coller Capital as a way to ‘diversify existing private equity portfolios, obtain exposure to previously restricted funds and participate directly in select investments’.
2 min read · 17 January 2013
The challenges of valuing assets and forecasting performance in the current climate are hampering the secondaries market – but pricing continues to hold up reasonably well
2 min read · 17 January 2013
