Private Equity
The Institutional Limited Partners Association, the main group advocating for best practices between institutional investors and private equity firms, named Michael Mazzola, the head of alternative investments at MetLife, as its new board chairman. The appointment was effective on Nov. 7th.
2 min read · 14 November 2012
Limited access to top venture funds continues to restrain the Washington State Investment Board from investing in the asset class, according to Gary Bruebaker, the board’s chief investment officer.
3 min read · 13 November 2012
2 min read · 12 November 2012
3 min read · 12 November 2012
A new study reported that the average U.S. university endowment lost 0.3 percent in fiscal 2012, which ended on June 30th, a huge contrast with 2011 when the average endowment gained 19.2 percent. Not only did the average endowment lose money, but it markedly trailed the S&P 500 stock index, which returned 5.5 percent for the year, including dividends.
2 min read · 12 November 2012
Gary Bruebaker reckons that without private equity, Washington State’s pension funds would be worth $6 billion less than they are worth today.
10 min read · 12 November 2012
In a heated political season during which private equity has come under fire by candidates and critics who say it destroys jobs, private equity’s main trade group, the Private Equity Growth Capital Council, has been waging war in defense of the asset class, reminding people that the single largest investors in private equity are public pensions on which millions of public workers rely for their retirements.
4 min read · 29 October 2012
3 min read · 29 October 2012
Incline Equity Partners, a spin-out from PNC Financial Services, appears to be laboring to wrap up fundraising on its first stand-alone fund, Incline Equity Partners III LP, according recently filed data with the Securities and Exchange Commission. The firm, which spun out from PNC in 2011, raised $142.8 million as of the October filing, well shy of the $300 million goal that the firm set...
2 min read · 22 October 2012
Fresh off the record $8.25 billion October close for Global Infrastructure Partners’s sophomore fund, another player in the infrastructure space, Stonepeak Infrastructure Partners, is proving that the infrastructure investing trend isn’t benefiting just one firm.
1 min read · 22 October 2012