Private Equity
The Canada Pension Plan Investment Board (CPPIB) is taking a more disciplined approach to deal selection as prices soar to pre-global financial crisis levels, Senior Principal Neal Costello said at the Columbia Business School Private Equity & Venture Capital Conference on March 6.
2 min read · 09 March 2015
Several major limited partners finalized plans to ramp up their commitment pacing in 2015 recently, setting the stage for another banner year for fundraising. But with general partners coming off the strongest fundraising year since 2008, a fresh outpouring of commitments could push dry powder levels to uncomfortable heights.
5 min read · 09 March 2015
The SEC ended a three-year investigation into private equity-backed Cobalt International Energy last month, opting not to penalize the oil and gas company for alleged Foreign Corrupt Practices Act (FCPA) violations relating to its stake in oil wells in Angola.
4 min read · 09 March 2015
The SEC has no plans to ease up on its investigation into the misallocation of fees and expenses by buyout shops, but regulators say the industry has made strides in improving transparency and the terms offered to investors.
3 min read · 09 March 2015
The ballooning size of Vista Equity Partners latest fund, its largest to date at $5.8 billion, will have no effect on the firm’s performance or strategy, said founder Robert Smith at the Columbia Business School Private Equity & Venture Capital Conference on March 6.
2 min read · 06 March 2015
Private Equity Growth Capital Council Communications Director Ken Spain has left the industry group to lead external communications for Koch Industries, the controversial energy and chemical company led by brothers Charles Koch and David Koch.
2 min read · 05 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.
2 min read · 05 March 2015
The “Oracle of Omaha” has no love for private equity.
2 min read · 03 March 2015
Santa Barbara County Employees’ Retirement System approved an investment plan that calls for $50 million to $70 million of new commitments across six to eight funds in 2015, Investment Officer Eli Martinez said in an email.
2 min read · 03 March 2015
A draft of the South Carolina Retirement System Investment Commission’s investment plan indicates the retirement system will have to commit $750 million to private equity during its next fiscal year to maintain its allocation, according to Feb. 26 meeting materials.
2 min read · 02 March 2015
