Private Equity
The Blackstone Group, the world’s largest private equity firm, is set to accelerate its plans to compete in an expanding sub-genre of private equity funds—those that make minority equity investments in leading hedge fund managers.
2 min read · 18 February 2013
Summer Street Capital Partners, a private equity firm based in Buffalo, N.Y., announced a final close on its latest fund, Summer Street Capital III LP, attracting approximately $280 million in commitments, according to one of the firm’s managing partners, Michael McQueeney. The fund’s initial target was $250 million.
1 min read · 18 February 2013
Alan Van Noord, who has directed investments for the Pennsylvania Public School Employees’ Retirement System for more than a decade, has decided to retire in June. He will be replaced on an interim basis by James Grossman, Jr., deputy chief investment officer.
2 min read · 15 February 2013
SAN FRANCISCO, February 12 - Welcome, private equity conventioneers! Those who thought, or hoped, that the heightened public scrutiny of private equity would fade following the presidential election, think again.
2 min read · 12 February 2013
SAN FRANCISCO, February 12 - Welcome, private equity conventioneers! Those who thought, or hoped, that the heightened public scrutiny of private equity would fade following the presidential election, think again.
2 min read · 12 February 2013
3 min read · 11 February 2013
For decades Cambridge Associates has been one of the world’s largest private-equity consultants to university endowments and other big investors. Now the firm will take over the management of entire institutional portfolios as well.
6 min read · 11 February 2013
The $91 billion New York State Teachers’ Retirement System named John Virtanen as its new head of private equity, according to a spokeswoman for NYSTRS. Virtanen replaces Dhvani Shah, who left in late 2011 to become chief investment officer at the $28 billion Illinois Municipal Retirement System...
1 min read · 06 February 2013
The $91 billion New York State Teachers’ Retirement System named John Virtanen as its new head of private equity, according to a spokeswoman for NYSTRS. Virtanen replaces Dhvani Shah, who left in late 2011 to become chief investment officer at the $28 billion Illinois Municipal Retirement System.
1 min read · 05 February 2013
Among the seven nations with the world’s largest pools of pension assets, alternatives such as private equity accounted for 19 percent of allocations in 2012, according to recent study of global pensions from Towers Watson, the financial consultancy. In the United States, alternative assets accounted for an even higher portion of assets—20 percent. That represents a huge increase in alternatives overall, which accounted for just 5 percent of all pension assets—globally and in the U.S.—as recently as 1995, according to the firm.
2 min read · 05 February 2013
