The $23bn pension has left its young private equity program unchanged while bumping its real estate allocation from 2 percent to 8 percent.
2 min read · 05 January 2013
Institutional investors are ramping up their commitments to distressed debt funds, but which asset class they fit into becomes complex when those commitments end up in credit vehicles raised by traditional buyout firms, according to CalSTRS CIO Chris Ailman.
2 min read · 05 January 2013
Paris-based specialty pharmaceutical company SpePharm will use €10m to fund the acquisition of a Proctor & Gamble product.
1 min read · 04 January 2013
BlueOrchard Private Equity, halfway to its fundraising target of $220m, will invest in partnerships with microfinance organisations throughout the developing world.
1 min read · 04 January 2013
The private equity firms have purchased publicly listed Industrial Rubber Products, a manufacturer of protective coatings for pipelines, for $16.50 per share.
1 min read · 04 January 2013
The San Francisco private equity firm has purchased a majority interest in the Italian restaurant chain from casual dining operator Brinker International. Brinker will retain a 19.9 percent stake in the chain, which it had been shopping for roughly a year.
1 min read · 04 January 2013
The US-based venture firm will move longtime GP Scott Tobin and senior associate David Sokolic to its Herzilya office in autumn.
1 min read · 04 January 2013
Some US healthcare-focused private equity investors are reevaluating their portfolios and approaching investment targets with extra caution amid an uncertain regulatory environment. A change in administrations come November could hamper some niche healthcare investment sectors.
3 min read · 04 January 2013
The private equity firm purchased the company, John Maneely, for roughly $500m in 2006 and then merged it later that year with a Canadian steel company in a $1.5bn deal. During Carlyle's ownership, the company increased sales from $2.2bn to $3bn.
1 min read · 04 January 2013
The emerging markets specialist has sold its stake in Uganda Microfinance Limited to Kenya-based Equity Bank, as it nears a $200m first close on its $400m Pan-African fund.
2 min read · 04 January 2013
