Sam Sutton

Paulson: Carried interest should be taxed as ordinary income

Former U.S. Secretary of the Treasury Henry “Hank” Paulson wants the government to tax carried interest as regular income, rather than as a capital gain, he said at a Politico event hosted by Nasdaq in New York City on April 15.

LACERS commits $90 mln to 3 funds, bets big on EnCap

The Los Angeles City Employees’ Retirement System disclosed three private equity commitments totalling $90 million in its April 14 meeting materials.

Blackstone circles $475 mln for Fund VII from three LPs

Three top shelf limited partners committed a combined $475 million to Blackstone Group’s latest flagship fund last week, according to market sources and retirement system documents.

Buyouts Snapshot: Family ponders options after tragedy at CD&R company

Albert Crump was killed after being pinned between a scrap table and a railing at CD&R portfolio company Hussmann Corp. OSHA cited the company for numerous safety violations and Crump's family is left to ponder its options.

Lone Star nears final close for oversubscribed real estate fund

Lone Star Funds plans to close Lone Star Real Estate Fund IV next week, according to market sources. Demand exceeds the vehicle’s $5.5 billion hard cap and many investors will likely see the size of their commitments scaled back, the sources said.

New Mexico settles with VC firm tangled in pay-to-play scandal

The New Mexico State Investment Council unloaded its stake in an underperforming venture capital fund to settle claims that the fund’s parent, Spyder Management, participated in a pay-to-play scandal that embroiled the investment council in 2009.

EnCap pulls in $6.5 bln for energy fund: Updated

EnCap Investments will hold a final close on its 10th energy capital fund this week, less than six months after launching fundraising, according to sources familiar with the vehicle.

Arkansas teachers' pension moves to increase exposure to emerging managers

The Arkansas Teacher Retirement System has shifted the strategic focus of its co-investment program to improve its ability to access emerging managers, Executive Director George Hopkins told Buyouts.

San Bernardino re-ups to SL Capital's European secondaries fund

The San Bernardino County Employees’ Retirement Association committed $25 million to Standard Life Secondary Opportunities Fund II at its April 2 meeting, a spokesman told Buyouts.

Wisconsin commits $390 mln to PE in Q1

The State of Wisconsin Investment Board committed $390 million across eight private equity funds during the first quarter of 2015, according to April 8 meeting materials.