TPG is targeting $750m to $1bn for a business development company that will lend to mid-market companies.
2 min read · 05 January 2013
Lauren Lenfest, former co-director of alternative investments at the pension fund, will replace retiring alternatives director Bruce Feldman.
2 min read · 05 January 2013
The $74bn pension has launched a competitive auction for a portfolio of fund stakes worth more than $1bn.
2 min read · 05 January 2013
The small-market mezzanine lender has become independent as financial institution KeyCorp sheds non-core operations in response to stricter rules on bank-owned private equity. The firm’s third fund is about 80% drawn.
2 min read · 05 January 2013
The John Grayken-led firm closed its second real estate fund at the end of May and is expected to close its seventh distressed debt fund in July on roughly $4.5bn.
2 min read · 05 January 2013
Réal Désrochers has left a CIO post for a Saudi-backed investment arm to head CalPERS' private equity programme, which has recently been the subject of state ethics probes.
2 min read · 05 January 2013
Hilary Wiek, who joined the South Carolina Investment Commission in 2007, will work in public equities at consultant Rogerscasey.
1 min read · 05 January 2013
The City of Pontiac General Employees Retirement System has about $2m of an uncalled commitment remaining with Nexos Capital Partners, which tried to raise $225m for its debut fund but only collected $14m.
3 min read · 05 January 2013
The $113bn pension has issued a request for proposal for a firm to run a sale of private equity and possibly real estate fund interests on the secondaries market. Proposals are due 21 June.
2 min read · 05 January 2013
The PEI 300 ranks TPG Capital the largest private equity direct investment programme in the world, beating out last year’s leader Goldman Sachs. The total amount raised by the industry's 50 largest firms, however, has been on the decline.
2 min read · 05 January 2013
