David Toll

Five Questions With David C. Turner, Managing Director, Head of Private Equity, Guardian Life Insurance Co

Peter Nolan to scale back role at Leonard Green: Buyouts

Peter J. Nolan has decided to become a senior adviser at Leonard Green & Partners, stepping back from his managing partner role to spend more time doing charitable work and managing his family office.

The rise of co-investments

You used to hear general partners complain that many limited partners were all talk when it came to co-investments. Sure, LPs said they wanted to do them. But when it came to brass tacks, they weren’t ready.

NY Teachers' shows off double-digit PE gains; won't reveal details: Buyouts

The New York State Teachers’ Retirement System will tell you that its private equity portfolio has generated a net IRR of 11.1 percent through the end of June 2013. But don’t ask for the details. The pension fund believes that the returns of individual funds are trade secrets, according to sister publication Buyouts.

David C. Turner, Guardian Life’s PE architect, to step down next month: Buyouts

David C. Turner, who seven years ago started a private equity portfolio for the Guardian Life Insurance Company of America and led its growth to more than $1 billion, is stepping down effective May 30, sister magazine Buyouts reported. Turner will hand the reins to Managing Director Maurice Gordon.

NY Teachers' shows off double-digit PE gains; won't reveal details

The New York State Teachers’ Retirement System will tell you that its private equity portfolio has generated a net IRR of 11.1 percent through the end of June 2013. But don’t ask for the details. The pension fund believes that the returns of individual funds are trade secrets.

Are GPs skillful, or just lucky?

Highly skilled private equity firms outperform others by seven to eight percentage points per year, but it is not easy teasing out how much of that outperformance derives from skill and how much from dumb luck.

New Chicago LP association holds second meeting, to talk secondaries

The start-up Chicago Area Limited Partners Association plans to hold a luncheon meeting tomorrow, April 10, at the offices of funds-of-funds manager Adams Street Partners. The topic: the secondary market.

Prophet Equity captures $255.6 mln for Fund II, expects final close in May

Prophet Equity, a Southlake, Texas-based buyout shop that specializes in lighting a fire underneath under-performers, has buttoned up $255.6 million in a first close of its second lower-mid-market fund.

Fundraising off to a red-hot start in 2014

U.S. sponsors took advantage of distribution-happy limited partners to jump to the fastest fundraising start since 2008.