Private Equity
Two major LPs have been busy strengthening their traditional fund commitment operations.
2 min read · 21 September 2013
The shift from defined benefit to defined contribution models is already underway at US pension systems – which means alternative asset managers need to start offering different structures and relationships, writes Christopher Witkowsky.
4 min read · 21 September 2013
Park Hill recently hired an executive to focus specifically on helping GPs restructure older funds – a niche area that is becoming increasingly important.
3 min read · 21 September 2013
Citing damage to his reputation and business, Cesar Baez is suing CalPERS and CIO Joe Dear for more than $30m.
4 min read · 21 September 2013
Ken Whitney, who joined Blackstone in 1988, has long led the firm’s investor relations function, but also played a key role in helping launch business lines like real estate and corporate debt.
2 min read · 20 September 2013
The Orange County Employees’ Retirement System has published a policy document outlining its plans to push back against fees. The policy gives preference to strong performing managers that offer ‘the most advantageous fee structures’.
3 min read · 20 September 2013
Lamar Villere, head of private equity at Tennessee's state pension, will leave the system in June, having gained unprecedented access to top managers in the downturn.
4 min read · 20 September 2013
The public pension committed to Spark Capital, Pine Brook Capital Partners and KKR Asia, and was considering commitments to Highland Capital and Olympus.
1 min read · 20 September 2013
The firms, which acquired Caesars for almost $30bn in 2008, will contribute $250m each to form a venture to pursue growth opportunities and help bolster the company’s balance sheet.
2 min read · 20 September 2013
The financial institution was an LP backer in the debut fund of its spin-out, CCMP Capital Advisors, which closed on $3.4bn in 2007.
2 min read · 20 September 2013
