Private Equity
The State of Wisconsin Investment Board’s $6.9 billion private equity portfolio is among the largest held by U.S. public pensions, but from an asset allocation standpoint, the program is actually smaller than its peers. The state saved several million dollars in investment management fees as a result.
2 min read · 19 December 2014
Gávea Investimentos closed its latest Brazilian private equity fund on $1.1 billion, adding another vehicle to the already impressive list of Latin America-focused funds to hold closes in 2014.
2 min read · 18 December 2014
Highland Capital Management and energy investment firm PetroCap are poised to hit the $350 million targeted for PetroCap Partners II, a private equity joint venture that will invest in small and lower middle market oil and gas projects
1 min read · 17 December 2014
Gávea Investimentos closed its latest Brazilian private equity fund on $1.1 billion, adding another vehicle to the already impressive list of Latin America-focused funds to hold closes in 2014.
1 min read · 17 December 2014
The University of Michigan Board of Regents has committed roughly $840,000 more to an earlier co-investment in Modern Resources, an oil and gas company owned by ARC Financial Corp. and EnCap Investments, according to university documents released prior to its Dec. 18 meeting.
1 min read · 17 December 2014
Indiana Public Retirement System committed $175 million to Hellman & Friedman and The Blackstone Group in November and December, according to an investment update.
1 min read · 15 December 2014
The New Mexico Educational Retirement Board committed $40 million to Ares Special Situations Fund IV at board meetings this month, Executive Director Jan Goodwin said.
1 min read · 15 December 2014
The New Mexico State Investment Council plans to commit between $600 million and $650 million to private equity next year, a 20 percent increase over its 2014 pace, according to Dec. 15 meeting materials.
2 min read · 15 December 2014
Private equity fund investors can now co-invest alongside their managers’ business development companies (BDCs) without SEC approval, easing BDCs’ ability to deploy fresh capital.
3 min read · 15 December 2014
Limited partners that committed to the oversubscribed second close of Barclays Asset Management Group spinout Glendon Capital Management saw their commitments cut by as much as 60 percent, according to Los Angeles County Employees Retirement Association documents.
2 min read · 11 December 2014
