Private Equity
Fresh from taking on the additional role of chief investment officer, Michael Trotsky, executive director of the Massachusetts Pension Reserves Investment Management Board, moved to shore up his agency’s brain drain by pushing through a new compensation plan that aims increases incentives for strong performance. The plan was approved at MassPRIM’s Dec. 6 board meeting.
3 min read · 17 December 2012
The chiefs of the world’s two biggest private equity firms described their asset class as one of the last, best hopes available to score the kinds of returns investors need to catch up following the broken hopes of the financial crisis, when pension funds and individual investors generally fell short of their investment goals.
2 min read · 13 December 2012
The chiefs of the world’s two biggest private equity firms described their asset class as one of the last, best hopes available to score the kinds of returns that pension funds and even individual investors need to catch up following the financial crisis.
2 min read · 13 December 2012
Finishing up a record year for secondary funds generally, Partners Group closed out its latest offering, Partners Group Secondary 2011 LP, raising €2 billion ($2.6 billion). The closing puts the total amount raised by secondary funds in 2012 at more than $20 billion, which is above the previous record year of 2009, when $17 billion was raised, according to data from Thomson Reuters.
2 min read · 12 December 2012
The $24 billion Iowa Public Employees’ Retirement System has earmarked $650 million for a private equity pool to be managed by Pathway Capital Partners. Pathway will invest the money on IPERS’s behalf during 2013, according to Judy Akre, a pension spokeswoman. The formal decision was made at IPERS’s board meeting on Dec. 6.
1 min read · 11 December 2012
The Oregon Investment Council, one of the nation’s largest private equity investors, committed $400 million across five funds since its previous meeting, according to the meeting minutes and the council’s spokesman, James Sinks. The new commitments are the first under the council’s new chief investment officer, John Skjervem, who began the job in November.
4 min read · 10 December 2012
The Oregon Investment Council, one of the nation’s largest private equity investors, committed $400 million across five funds since its previous meeting, according to the meeting minutes and the council’s spokesman, James Sinks. The new commitments are the first under the council’s new chief investment officer, John Skjervem, who began the job in November.
4 min read · 10 December 2012
3 min read · 10 December 2012
After some blockbuster deals during the first half of the year, the secondary market took a breather as sellers waited out the U.S. presidential elections to get more clarity on regulations and the direction of the economy.
6 min read · 10 December 2012
In 2010, Neuberger Berman, the big money manager spun out from the now-bankrupt Lehman Brothers, took a big gamble when it launched a new type of fund that would blur the lines between private equity and hedge funds by purchasing minority stakes in high performing hedge fund managers. More than two years later, the verdict is in...
2 min read · 05 December 2012
