Private Equity
In a little-known Canadian town lies a tobacco laboratory doing some important work you probably never heard of. And that’s just fine with Huron Capital Partners, a Detroit-based private equity firm that seeks out small to mid-market family and entrepreneur-owned companies that are eager to take their business to the next level.
3 min read · 19 April 2013
Peter Dolan, the director of private equity and venture capital for the Harvard Management Company, manager of the world’s biggest endowment, stepped down on April 10, according to Buyouts, peHUB’s sister magazine.
2 min read · 12 April 2013
Peter Dolan, the director of private equity and venture capital for the Harvard Management Company, which oversees the world’s largest endowment, stepped down on April 10, according to a person familiar with Dolan’s decision. On an interim basis, Dolan will be replaced by John Shue, according to the source.
2 min read · 12 April 2013
Providence Equity Partners has formed a special situations debt fund, Providence Debt Opportunity Fund III LP, which will—for the first time—make investments outside the firm’s core specialization in media, technology and education companies, according to an April presentation made to the Louisiana Teachers’ Retirement System. The fund has a target of $500 million.
2 min read · 11 April 2013
Portfolio Advisors, a Darien, Conn.-based fund of funds manager, reached a $1.1 billion close on its latest flagship vehicle, Portfolio Advisors Private Equity Fund VII LP, according to Paul Crotty, a managing director at the firm. The new fund surpassed its original $1 billion target, and came two years after its predecessor, Fund VI, also attracted $1.1 billion in commitments.
2 min read · 11 April 2013
The University of Pennsylvania tapped Peter Ammon, a colleague of legendary Yale University endowment chief David Swensen, as its next chief investment officer. Ammon, who is 36 years old, has been at Yale for eight years. His new job is set to begin July 1, the first day of the university’s 2014 fiscal year.
2 min read · 11 April 2013
The New York City Retirement Systems, the $127 billion group of municipal pensions overseen by the city comptroller’s office, made an impressive $1.1 billion in commitments to five private equity funds in the first quarter, according to Stephanie Hoo, a senior press officer. The funds are managed by The Carlyle Group, Platinum Equity, Landmark Partners, Neuberger Berman and ACON Investments.
3 min read · 09 April 2013
The New York City Retirement Systems, the $127 billion group of municipal pensions overseen by the city comptroller’s office, made an impressive $1.1 billion in commitments to five private equity funds in the first quarter, according to Stephanie Hoo, a senior press officer. The funds are managed by The Carlyle Group, Platinum Equity, Landmark Partners, Neuberger Berman and ACON Investments.
3 min read · 09 April 2013
The Florida State Board of Administration, which manages $163 billion in retirement and emergency funds, committed $665 million across four private equity-related strategies, including buyouts, venture capital, mezzanine and distressed real estate debt, according to John Kuczwanski, a board spokesman. All four commitments were made from Florida’s main $132 billion pension fund.
3 min read · 09 April 2013
4 min read · 08 April 2013
