Private Equity
3 min read · 23 March 2015
FundsVenor Capital Management plans to hold a first close for its second special situations fund on between $200 million and $250 million in April, according to Pennsylvania Public School Employees’ Retirement System documents and a market source. The firm set a $300 million target and a $500 million hard cap for Venor Special Situations Fund II.
1 min read · 23 March 2015
Institutional Venture Partners plans to hold a first and final close for its 15th flagship fund on April 21, according to a GCM Grosvenor Private Markets report included in Los Angeles County Employees Retirement Association meeting materials. The firm set a $1.2 billion target and $1.4 billion hard cap on Institutional Venture Partners Fund XV.
2 min read · 23 March 2015
If people can’t buy something new, they accessorize what they have.
3 min read · 23 March 2015
Freescale Semiconductors’ private equity sponsors will barely make money on the company’s sale to NXP Semiconductors NV for $16.7 billion. But considering Freescale’s troubled history, sources close to the deal consider that an accomplishment.
5 min read · 23 March 2015
Doxim founder Chris Rasmussen held no illusions about private equity’s reputation.
5 min read · 23 March 2015
The Oregon Investment Council allocated up to $1.05 billion across eight private equity funds in January and February, putting the retirement system almost halfway toward its annual commitment target of $2.4 billion.
3 min read · 23 March 2015
ARThe University of Michigan Board of Regents disclosed more than $50 million of new commitments to private market funds in its March 19 materials.
2 min read · 19 March 2015
The death of a 58-year-old maintenance worker triggered a U.S. Department of Labor Occupational Safety and Health Administration inquiry that could result in as much as $272,250 of penalties for Hussmann Corp., a Clayton Dubilier & Rice portfolio company, according to an OSHA report.
2 min read · 17 March 2015
The Pennsylvania Public School Employees’ Retirement System committed up to $658.7 million to private funds at its March 12 meeting, including more than $250 million for U.S. and European debt funds, according to the retirement system’s website.
2 min read · 16 March 2015
