Gregory Roth

Beecken Petty Lands Pledge For Newest $400 Million Fund

Armed with a $20 million commitment from the Nebraska Investment Council, Beecken Petty O’Keefe & Company is back on the fundraising trail, seeking $400 million for its newest fund, Beecken Petty O’Keefe Fund IV LP. The Chicago based firm, which specializes in mid-market health care buyouts, is raising the fund just two years after closing on $400 million for Fund III.

New Mexico SIC Commits $150M To Nordic, EnCap

The New Mexico State Investment Council, the agency that manages the state’s $16 billion “permanent endowment,” agreed to plow $150 million into two private equity funds at its November meeting. The commitments included a $75 million pledge to Energy Capital Partners’ EnCap Energy Capital Fund IX LP and an equal amount to Nordic Capital’s Nordic Capital Fund VIII LP.

Dyal Capital, Hedge Investor, Tops Its Target

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: Dyal Capital Partners, as the fund is called, substantially exceeded its initial $1 billion fundraising target, closing with $1.3 billion in commitments.

Wisconsin Pledges $340 Million To Five PE Funds

The $83 billion State of Wisconsin Investment Board logged five private equity commitments totaling $340 million in the third quarter, according the system’s latest investment committee report. Three of the five commitments, about two-thirds of the total, were to funds with a European or Asian focus.

Listed Firms See Sharp Earnings Rebound In 3Q

Six big publicly-traded buyout firms—The Blackstone Group, The Carlyle Group, Apollo Global Management, Oaktree Capital Management, Kohlberg Kravis Roberts & Co. and Fortress Investment Group—saw earnings grow sharply in the third quarter as asset and exit valuations rose.

FIVE QUESTIONS WITH… MARTIN DAY, Partner, Caledon Capital Management

Top Pros Weigh In On The ‘Fiscal Cliff’

With the election over, Washington’s attention shifted immediately to the so-called ’fiscal cliff,” the combination of spending cuts and tax increases set to automatically go into effect on Jan. 1st.

Hamilton Lane Passes Half-Way Mark On Latest FoFs

Hamilton Lane, one of the nation’s largest private equity advisory firms, with about $24 billion in assets under management, has so far raised $215 million of its $400 million target for one of its news funds of funds, Hamilton Lane Private Equity Fund VIII LP, according to two recent government filings.

Siguler Guff Raises $151M For Small Companies Fund

Siguler Guff & Co., a funds-of-funds manager that oversees more than $10 billion in assets, has raised at least $151 million so far for its latest small company effort, the Siguler Guff Small Buyout Opportunities Fund II LP, according to a recent filing with the Securities and Exchange Commission. The fund has a $600 million target.

Carlyle Group To Manage Indiana In-State Fund

The Carlyle Group has beaten out two other private equity managers to oversee the Indiana Public Retirement System’s newest in-state private equity separate account, the $150 million Indiana Investment Fund II, which aims to bolster economic activity by investing money in Indiana private equity funds and investing directly in Indiana companies.