Two buyers – Abu Dhabi Investment Council and Australia’s QIC – acquired the majority of the portfolio that included funds from managers like Apax, Advent, BC Partners and Bain Capital.
1 min read · 17 January 2013
The $25bn system has ended two secondary sales of more than $820m in private equity interests after its head of private equity, Bob Clone, decided to leave in recent weeks.
3 min read · 17 January 2013
Jay Koh, who has joined the fund of funds as a partner, has a wealth of experience, including working on emerging markets private equity with a US government agency.
1 min read · 17 January 2013
Bryan Martin, who joined New Jersey last year to head up real estate and real assets and helped design the system’s innovative separate accounts business, has joined an insurance agency in Nebraska.
2 min read · 17 January 2013
The company, led by CEO Ron Clarke, bought back a portion of its shares from the two firms. To date, Summit’s total return on its FleetCor investment is more than 10x.
2 min read · 17 January 2013
The Minneapolis-based firm helped boost Becker Underwood’s revenues and headcount and expanded its geographic footprint during the eight years it held the investment.
2 min read · 17 January 2013
Blackstone’s president Tony James gave a speech Thursday, touching on issues including public pensions' need for private equity, GP-LP relationships and the US presidential election.
3 min read · 06 January 2013
The SEC will not meet its 5 July deadline to finalise rules implementing the JOBS Act, which eliminates the ban on general solicitations by private equity managers.
2 min read · 06 January 2013
The firm beat its target after 18 months on the fundraising trail, and without offering any ‘special terms’, ‘side pockets’ or ‘separate accounts’, says CEO Michael Fisch.
3 min read · 06 January 2013
Mike Elio, a managing director at the advisory firm, will join ILPA to monitor regulations that affect the industry such as the EU's AIFM directive.
2 min read · 06 January 2013
