The Wisconsin state investment board, which manages $78bn in assets, has awarded StepStone a three year contract for private equity consulting services for $600,000 a year.
2 min read · 05 January 2013
The listed firm has increased its investment pace, while taking a ‘measured and selective approach’ to new investments, said CEO Michael Queen.
3 min read · 05 January 2013
The $70bn pension has published requests for proposals for four advisors, including in private equity, real estate, hedge funds and general consulting.
1 min read · 05 January 2013
AXA Private Equity launched its fifth secondaries fund of funds a few weeks ago, and already has 'positive signs' for $1.7bn, according to people with knowledge of the fundraising.
1 min read · 05 January 2013
Blackstone’s chief Steve Schwarzman said endowments are 'out of business' in terms of committing to private equity.
2 min read · 05 January 2013
The pension boosted its allocation target to private equity to 4.8% earlier this year, and is working to build its exposure to the asset class.
1 min read · 05 January 2013
The $221bn pension published final audit numbers for fiscal 2009-2010 showing private equity gaining 23.8 percent, and real estate losing 10.7%.
2 min read · 05 January 2013
The distressed investment firm will assume nearly all of GSC’s assets, including funds covering various debt strategies, once the sale is approved by bankruptcy court.
1 min read · 05 January 2013
The jury deciding Terra Firma’s trial against Citi began deliberations late Wednesday. The day included an uncomfortable encounter between David Wormsley (pictured) and Guy Hands.
4 min read · 05 January 2013
Firms have achieved higher recoveries and maintained control over defaulted portfolio companies through distressed debt exchanges, according to a new report.
2 min read · 05 January 2013
