Jennifer Harris

Report: Fang to set up $2bn fund with Temasek

Goldman Sachs Gao Hua Securities chairman Fang Fenglei will manage a $2 billion fund in partnership with Singapore’s sovereign wealth fund, in addition to the Chinese state-backed $677 million domestic fund he was revealed to be involved with earlier this week.

New Mexico tops Texas Teachers with largest alternatives allocation of US pensions

The New Mexico Educational Retirement Board has upped its alternatives allocation from 15 percent of total assets to 35 percent at the expense of the equities and fixed income asset classes. The new target surpasses that of the Teacher Retirement System of Texas as the largest alternatives allocation of any US pension plan.

Bessemer adds to India team

Bessemer Venture Partners has promoted Devesh Garg to managing director for its growing India team, four months after allocating $350 million for investments in the region.

Kohlberg buys Solo Cup division for $170m(4)

Jerome Kohlberg’s firm has acquired disposable tableware maker Hoffmaster from Solo Cup, a portfolio company of Vestar Capital Partners, in a $170 million transaction

Topps shareholders approve $385m deal(2)

Following accusations of a 'contrived game', shareholders of the maker of Bazooka gum and Major League Baseball trading cards have voted to approve a $9.75 per share buyout by Madison Dearborn Partners and Michael Eisner's Tornante.

Lehman sets up $105m venture fund with New Jersey(4)

A $105 million, New Jersey-focussed venture fund has been established by the state’s investment division along with US investment bank Lehman Brothers.

Metalmark in $675m natural gas exit(2)

Metalmark has sold Cantera Natural Gas, a portfolio company it created through a series of acquisitions, to Copano Energy.

Nokia spin-out opens second China office

BlueRun Ventures has opened a new office in Beijing as it steps up its China operations.

Illinois Teachers see record PE returns

Private equity outshined all other asset classes for the Illinois teachers pension, returning 31.3 percent for the year ended 30 June.

CalPERS buys $600m stake in Apollo(4)

The US' largest pension fund purchased a $600 million, 8.6 percent stake in Apollo, prior to the private equity firm's listing on Goldman Sachs' private exchange.