Private Equity
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 when it started fundraising in the summer of 2011. A person familiar with the firm said the SEC data shows a lag and that an accurate account of the money raised so far would show about $180 million had been committed.
2 min read · 22 October 2012
Another state pension system has moved to bolster in-state economic activity by launching a special fund to target private equity and venture investments within the state’s boundaries. The latest effort is from the $40 billion Colorado Public Employees Retirement Association, which launched the Colorado Mile High Fund in October.
2 min read · 22 October 2012
With the appointment of Cheryl Eason as its new chief financial officer, the $243 billion California Public Employees Retirement System has installed a final brick in its efforts to fortify the giant pension against risks such as financial crises and pay-to-play scandals.
2 min read · 22 October 2012
Kristin Gilbertson, the long-time chief investment officer for the University of Pennsylvania’s $6.8 billion endowment, has stepped down, the university confirmed. She headed Penn’s endowment office since August 2004.
2 min read · 16 October 2012
Kristin Gilbertson, the long-time chief investment officer for the University of Pennsylvania’s $6.8 billion endowment, has stepped down, the university confirmed. She headed Penn’s endowment office since August 2004.
2 min read · 16 October 2012
Private equity didn’t rescue the nation’s biggest university endowments, most of which underperformed common benchmarks such as the Standard & Poor’s 500-stock index in fiscal 2012, which ended on June 30. Most universities blamed lackluster performance on overseas stock markets, with yardsticks such as the MSCI World Index falling 14 percent in fiscal 2012.
3 min read · 15 October 2012
3 min read · 15 October 2012
In the last year and a half, the Massachusetts Pension Reserves Investment Management Board, better known as MassPRIM, has grappled with a stream of exits among its senior investment team.
6 min read · 15 October 2012
The Florida State Board of Administration, which oversees $154 billion in pension and emergency funds, committed $700 million to five private equity, infrastructure and opportunistic debt funds during the third quarter of 2012...
3 min read · 10 October 2012
The Florida State Board of Administration, which oversees $154 billion in pension and emergency funds, committed $700 million to five private equity, infrastructure and opportunistic debt funds during the third quarter of 2012, according to spokesman John Kuczwanski.
3 min read · 10 October 2012
