piotrk

OMERS fund says CIO to replace retiring CEO Nobrega

Canadian pension fund OMERS said on Wednesday its chief investment officer, Michael Latimer, will take over as chief executive of the global dealmaker when Michael Nobrega retires at the end of March, sister news service Reuters reported.

Chart of the week: What is the investment period?

Across fund types, five years is the most common limit imposed by partnership terms on the time in which the general partner can add new portfolio companies to the fund at its own discretion.

Chart of the week: Do all LPs pay the same management fee?

In cases where investors make a particularly large commitment or agree to come in to a first closing of a fund that’s been challenging to raise, some funds reward investors with lower fees.

M&A exits dip but IPOs finish the year strong

M&A activity by U.S.-based financial sponsors dipped in 2013 following a strong end to 2012 and a subdued fourth quarter of 2013. But the buyout-backed IPO market surged in the last quarter of 2013, while a majority of sponsored companies that went public over the year found their shares trading up from their offering price.

Chart of the week: Norway leads SWFs with $818 bln AUM

Norway’s Government Pension Fund is the largest sovereign wealth fund in the world with $818 billion in assets under management as of December 2013, according to the Sovereign Wealth Institute.

Chart of the week: Who has the upper hand in setting LPA terms?

Over 60 percent of placement agents believe that limited partners have the most power to set limited partnership agreement terms right now, according to a survey of 26 firms.

Chart of the week: Private equity outperforms public equities over the long haul

Cambridge Associates’ U.S. Private Equity Index outperforms equivalent public market indexes in 10-year plus horizons, based on pooled end-to-end returns net of fees, expenses and carried interest.

Chart of the week: Natural resources leads the way among ILPA performance benchmarks

The Institutional Limited Partners Association, in partnership with Cambridge Associates, has begun releasing its quarterly performance benchmarks based on returns from some 2,650 unique funds.

Chart of the week: October, the best month for deals so far in 2013

Buyout deal volume has been very strong in 2013, far exceeding the $97.6 billion recorded in 2012.

Chart of the week: Major bounceback for fund performance seen for vintage 2009

The cumulative vintage year performance for all buyout funds shows that the internal rate of return reached a peak high for 2009 funds at 18.46 percent, as of June 30, according to Thomson Reuters.