Marine Cole
.jpg "PRIM makes more than $400m in new commitments")
The Boston-based pension plan, which manages $60 billion in assets, announced commitments across several strategies including buyouts, venture capital and distressed debt.
Chappuis recently stepped down at the Carlyle Group where he spent two years as the head of the firm’s investment solutions business segment.
The former private equity professional, who worked at Quadrangle Group for nearly a decade, was accused of kickbacks with the NYS Common Retirement Fund in 2010.
The venture capital firm closed on $1.5bn for Accel Growth Fund IV, which makes late-stage investments, up from $1bn for its predecessor vehicle a year ago.
After receiving a complaint for breach of contract, venture capitalist Michael Goguen filed a cross complaint for extortion and a restraining order.
The US SEC has filed a complaint last week alleging that the Oregon-based private credit firm and three top executive were hiding Aequitas’s rapidly deteriorating financial condition.
The most important driver of returns is purchase price, co-founder Joshua Harris tells Harvard Business School students.
Carlyle Group’s investment solutions group, now comprised of AlpInvest and Metropolitan Real Estate, will focus mainly on secondaries, co-investments and managed accounts.
LPs turn to first-time funds of spin-out firms as the strong fundraising market is making it harder for them to commit to the best-quality GPs, according to a survey by Sixpoint Partners.
The listed firm follows in the footsteps of Appollo Capital Management announcing a share buyback and also revealed it has secured $3bn for its longer-term fund Carlyle Global Partners.