Private Equity
The Nevada Capital Investment Corp., a non-profit board tasked with investing in Nevada-based businesses, announced that it has chosen Hamilton Lane, a private equity management and advisory firm, to oversee the $50 million Silver State Opportunity Fund, which is part of the Nevada Permanent School Fund, an endowment dedicated to K-12 education.
2 min read · 11 September 2012
The Blackstone Group received another $100 million separate account commitment to its Blackstone Tactical Opportunities Fund LP, according to a regulatory filing with the Securities and Exchange Commission, but it wasn’t clear from the filing who the new investor was. The fund had earlier amassed up to $1.5 billion in separate account commitments from the California Public Employees Retirement System and the New Jersey Division of Investment.
2 min read · 10 September 2012
America’s second-largest public pension, the $152 billion California State Teachers’ Retirement System, committed more than $1 billion to a bevy of private equity and debt-related funds in the second and third quarters, according to the pension’s semi-annual private equity report, which was presented to the pension’s board in early September.
2 min read · 10 September 2012
Fortissimo Capital, a small-to-mid-market private equity firm, whose turnaround and subsequent exit from Soda Stream International won the Buyouts 2012 small market ‘Deal of the Year’ award, just closed on its third fund, Fortissimo Capital Fund III LP, the firm announced. The Israel-based fund closed on commitments of $265 million, above the $250 million target.
2 min read · 07 September 2012
Pine Brook Partners, a fund that specializes in early-stage private equity investments in the energy and financial services industries, is wading again into the fundraising pool, trying to raise $2 billion for its sophomore fund, Pine Brook Capital Partners II LP, according to a recent filing with the Securities and Exchange Commission.
2 min read · 07 September 2012
The private equity unit of Denmark’s Danske Bank closed on its latest fund of funds, Danske Private Equity Partners V LP, having raised $820 million in less than a year. The final close was above the initial $750 million target. The fund’s capital was raised mostly from European institutions, particularly in Scandinavia.
1 min read · 04 September 2012
Two chestnuts often repeated at conferences are the need for private equity shops to specialize and also shift gears when an industry changes. Avista Capital Management, a New York-based mid-market growth capital firm, has fully embraced both since the day in 2005 that its seven top executives left Credit Suisse DLJ Merchant Banking Partners.
6 min read · 03 September 2012
Wisconsin grinds some early returns of out PE investments including Blackstone and the Carlyle Group in a mega-secondary deal.
3 min read · 30 August 2012
The $83 billion State of Wisconsin Investment Board last month sold $1 billion worth of funds from publicly listed private equity firms after concluding that those firms could no longer demonstrate that the pension fund’s interests came first.
3 min read · 28 August 2012
3 min read · 28 August 2012
