The $66bn pension projects saving $120m in fees over the life of the partnership, in which the system will allocate capital to traditional Blackstone funds and customised accounts with ‘1% and 15%’ term structures.
2 min read · 06 January 2013
Wouter Mak started in Park Hill Group’s London office this month. Mak spent almost three years in Credit Suisse’s London office focusing on the Benelux countries and the UK.
2 min read · 06 January 2013
The bankrupt parent company of American Airlines had $389m-worth of unfunded exposure to private equity funds as of 31 December. It’s not clear if the company will continue to meet capital calls through bankruptcy proceedings.
3 min read · 06 January 2013
Chris Douvos, who managed more than $1.75bn in private equity investments at The Investment Fund for Foundations, has been hired at Venture Investment Associates.
2 min read · 06 January 2013
The software-focused firm, founded by former Goldman Sachs executive Robert Smith, expects to close its fourth fund on its $3.3bn hard-cap in early 2012.
3 min read · 06 January 2013
Despite the global financial downturn and the chaos of the collapse of Candover, Capital Safety doubled its revenue since 2007. KKR agreed to buy the company for $1.12bn.
3 min read · 06 January 2013
SL Investment Management, a fund manager that builds investment vehicles around traded life insurance policies, has launched a venture fund to invest in early stage venture capital in the UK and Europe.
2 min read · 06 January 2013
The firm, along with Duff & Phelps, has led a second financing round for iLevel Solutions, a company that spun out of The Blackstone Group that makes private equity reporting technology to replace outdated manual processes.
2 min read · 06 January 2013
The Boston-based energy-focused firm has collected about $1.7bn for its sixth fund and expects to end marketing in the first quarter.
2 min read · 06 January 2013
The $17.7bn Texas County & District Retirement System has been active, including making a commitment to Khosla Ventures, a coup for a smaller system that would not traditionally have had access to a top-tier venture manager.
2 min read · 06 January 2013
